SEC Drops Investigation Into Paxos, Decides BUSD Stablecoin Not a Security: Report

The U.S. Securities and Exchange Commission (SEC) is abandoning its probe into the stablecoin-issuer Paxos, according to multiple reports. Per Fortune, the SEC’s decision to no longer pursue Paxos over its BUSD stablecoin signals a win for the crypto industry, indicating that the regulator is no longer considering stablecoins as securities. According to an announcement The post SEC Drops Investigation Into Paxos, Decides BUSD Stablecoin Not a Security: Report appeared first on The Daily Hodl .