The US Securities and Exchange Commission (SEC) has ended its investigation into stablecoin issuer Paxos.
On July 11, Paxos announced that it received an investigations termination notice from the SEC a few days earlier on July 9. The notice confirmed that the regulator would not pursue enforcement action against Paxos Trust Company regarding the Binance USD (BUSD) stablecoin.
This development comes over a year after the SEC issued a Wells notice suggesting a potential enforcement action against the stablecoin issuer over its role in the dollar-backed BUSD stablecoin. Notably, it also follows a recent federal judge’s ruling that BUSD sales did not contravene securities law, as the financial regulator claimed.
While BUSD’s supply has all but evaporated, Paxos had publicly maintained that the stablecoin was not a security and promised to fight the SEC claims.
Following the completion of the SEC’s investigations, the firm reiterated this claim, stating:
“Paxos Trust Company has al
We współpracy z: https://cryptoslate.com/sec-ends-probe-into-paxos-no-actions-on-busd-stablecoin/
