According to reports, the U.S. Securities and Exchange Commission is investigating Paxos Trust Co. as the issuer of BUSD, the third-largest stablecoin in the world. This development comes just one week after NYDFS, the New York regulator, launched an investigation into Paxos Trust Co. This could be another major escalation of the SEC’s attack on the company.
The post Binance’s USD Stablecoin May Soon Facing SEC Enforcement, Here’s Why appeared originally on CoinGape
