SEC Concludes Investigation on Paxos and Decides BUSD Stablecoin is Not a Security

Thursday, 11 July 2024, 18:42

The U.S. Securities and Exchange Commission (SEC) has officially ended its investigation into Paxos, the stablecoin issuer. Reports confirm that BUSD stablecoin is determined not to be a security by the SEC. This decision has significant implications for the cryptocurrency market and regulatory landscape.

DailyHodl — SEC Concludes Investigation on Paxos and Decides BUSD Stablecoin is Not a Security

SEC Drops Investigation Into Paxos

The U.S. Securities and Exchange Commission (SEC) has decided to abandon its probe into Paxos, the issuer of the BUSD stablecoin.

BUSD Declared Not a Security

Reports have confirmed that the SEC has ruled that the BUSD stablecoin does not fall under the category of a security.

This conclusion marks a significant development in the regulatory environment surrounding stablecoins and cryptocurrencies.

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.