SEC Ends Investigation on BUSD Stablecoin

Thursday, 11 July 2024, 15:52

The Securities and Exchange Commission (SEC) recently concluded the investigation on BUSD Stablecoin issued by Paxos, without taking any enforcement action. This announcement by Paxos highlights the resolution of the inquiry by the SEC regarding their Binance-branded stablecoin product.

DeCrypt — SEC Ends Investigation on BUSD Stablecoin

SEC Investigation Closure

The Securities and Exchange Commission (SEC) has finalized its inquiry into the BUSD Stablecoin issued by Paxos, providing clarity on the regulatory status of the cryptocurrency.

Enforcement Action Waived

The SEC's decision to conclude the investigation without taking any enforcement action signifies a positive outcome for Paxos and their Binance-branded stablecoin.

Resolution with Regulatory Authorities

Paxos' confirmation of the SEC investigation closure indicates a successful resolution with the regulatory authorities, ensuring compliance in the stablecoin market.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.