📢Breaking News:
SEC Clears Paxos: BUSD Not Deemed a Security
The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into Paxos, the issuer of the stablecoin Binance USD (BUSD), without recommending any enforcement action.
This decision follows a recent court ruling that dismissed a key securities charge against Binance. Essentially, the SEC has determined that BUSD does not qualify as a security.
This development could significantly impact future regulatory approaches to similar crypto assets in the U.S.
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