SEC Concludes Paxos Investigation Without Enforcement Action

Decision brings relief to the stablecoin sector amid ongoing regulatory scrutiny and legal battles.

The SEC has ended its investigation into Paxos, deciding not to recommend enforcement action.
This decision follows a partial legal victory for Binance regarding the BUSD stablecoin.
Paxos had received a Wells notice from the SEC over its BUSD stablecoin issued in partnership with Binance.
The conclusion of the probe is seen as a win for the crypto industry, providing some regulatory clarity.
Paxos believes this development will encourage further stablecoin adoption by major global enterprises.