News/The SEC has a stablecoin firm in its sights — and it could shake up the whole USD137 billion market

The SEC has a stablecoin firm in its sights — and it could shake up the whole USD137 billion market

2023-02-20 04:16:05

Paxos said that the SEC had issued it a notice that the regulator is considering recommending an action alleging that BUSD is a security. Paxos said the notice suggests Paxos should have registered the offering of BUSD under federal securities laws.

Extract from article of cnbc

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The SEC has a stablecoin firm in its sights — and it could shake up the whole USD137 billion market