SEC clears Paxos, rules that BUSD is not a security

The SEC has decided not to take enforcement action against Paxos over its BUSD stablecoin. This decision came over a year after the SEC sent Paxos a Wells notice, and it was through Jorge Tenreiro, the acting chief of the crypto assets and cyber unit. The decision also follows a small defeat for the SEC […] source: https://www.cryptopolitan.com/sec-clears-paxos-rules-busd-not-a-security/