đ° The American Securities and Exchange Commission (SEC) decided to end the investigation into New York-based stablecoin publisher Paxos. The SEC stated that BUSD is not a security. đ© Jorge Tenreiro, acting director of the crypto asset and network department, stated in a letter to Fortune magazine that he does not plan to recommend legal action. đ Paxos strategy director Walter Hessert said, "It is a great relief for us that this investigation has officially ended."