🚨 BIG NEWS: SEC Drops Investigation Into Paxos

This means that the BUSD stablecoin issued by Paxos will not be considered a security

This decision comes from Binance gaining an advantage in the ongoing lawsuit with the SEC. It is unclear whether BUSD will return after this news or not, but this is still considered a surprising victory for the stablecoin field.

BUSD used to be the mainstay stablecoin of the Binance ecosystem, but it was discontinued due to securities charges from the SEC more than a year ago.