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WASHINGTON, Feb 14 — The firm behind Binance’s stablecoin, Paxos Trust Company, said the US Securities and Exchange Commission (SEC) has told the company it should have...
Announcement comes after NYDFS said in a consumer alert it has ordered Paxos to stop minting Binance
WASHINGTON/LONDON — The firm behind Binance’s stablecoin, Paxos Trust Company, said the U.S. Securities and Exchange Commission (SEC) has told the company it…
SEC has told the company that it should have registered the product as a security.
Paxos says it would stop issuing new Binance USD, which is backed by traditional cash and US Treasury bills