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Paxos ‘Categorically Disagrees’ With SEC That BUSD Is a Security, Says It Will Litigate if Needed

The stablecoin issuer confirmed it has received a Wells Notice from the SEC, indicating a possible enforcement action is forthcoming.

Updated Feb 13, 2023, 11:37 p.m. Published Feb 13, 2023, 9:14 p.m.
Paxos CEO Charles Cascarilla (CoinDesk)
Paxos CEO Charles Cascarilla (CoinDesk)