Cryptocurrency

BUSD

According to Fortune, the SEC ended its investigation into Paxos and decided that BUSD is not a security. 
According to the news, the SEC decided to quietly end the investigation into New York-based stablecoin issuer Paxos. 
This decision comes more than a year after the SEC sent a Wells notice, or letter, signaling impending enforcement action to Paxos over the dollar-backed BUSD stablecoin that Paxos issued in partnership with Binance. 
Analysts commenting on this decision said that while Congress continues to consider legislation to regulate the growing stablecoin class, the SEC's decision offers an unexpected benefit to the stablecoin industry, which now includes companies such as PayPal and VanEck. 
Paxos' chief strategy officer, Walter Hessert, told Fortune: 
<blockquote> 
 “It is a great relief for us that this investigation has been officially concluded. 
 “This is what we have been waiting for all along and we hope it will create greater certainty in the market among a growing number of large businesses.” 
</blockquote> 
New York-based Paxos first launched BUSD in partnership with Binance in September 2019. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/breaking-sec-withdrew-its-investigation-against-this-cryptocurrency-company/">BREAKING! SEC Withdrew Its Investigation Against This Cryptocurrency Company!</a>

BREAKING! SEC Withdrew Its Investigation Against This Cryptocurrency Company!

Bitcoin Sistemi EN

Andere artikelen gepubliceerd op 11 jul 2024

Bitcoin's (BTC) Scary Drop Might Be 'Weeks Away,' This Signal Says

Examining the Role of UK Bitcoin Mining in Renewable Energy and Grid Management

MicroStrategy plans 10-for-1 stock split to boost accessibility

Stacks(STX) Could be Threatened by Holders as Price Rebounds

BREAKING! US Inflation Data Announced! What Was the First Reaction of Bitcoin (BTC) and Dollar (D...

Pepe Unchained Generates $3M in Just Over Two Weeks – 1 Day Left Before Price Increases!

Meld je aan voor onze gratis nieuwsbrief voor dagelijkse crypto-updates!