SEC will not pursue enforcement action against Paxos
The stablecoin issuer received an SEC Wells notice in February 2023 warning of a potential lawsuit over Binance USD as an unregistered security.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The stablecoin issuer received an SEC Wells notice in February 2023 warning of a potential lawsuit over Binance USD as an unregistered security.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
European stablecoin issuer AllUnity launches USD stablecoin USDAU
AllUnity is launching USDAU, its fourth fiat-backed stablecoin, expanding a MiCA-regulated lineup that already covers the euro, Sw...
Open USD Stablecoin Goes Live as Stripe, Visa and Mastercard Open It to Businesses
Open USD (OUSD), the dollar stablecoin backed by Coinbase, Mastercard, Shopify, Stripe and Visa, went live on Wednesday, its opera...
Stablecoin cards enter ‘hyper growth’ mode as monthly spending hits record $1.17 billion
Stablecoin card spending is accelerating to record levels, but the payment rail remains a fraction of the traditional card market....
Sen. Daines moves crypto tax overhaul with stablecoin relief and wash-sale rules
Sen. Daines' crypto tax reform could streamline digital transactions, impacting user convenience and trader strategies in the evol...
Aave’s $50 million lending plan could lose money without a single default
Aave’s proposed institutional lending business would put crypto collateral on both sides of the financing chain. Institutions woul...
Securitize joins the OUSD stablecoin network as a partner
Securitize's partnership with OUSD could streamline blockchain transactions, but its success hinges on converting partner growth i...