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CoinDesk

2023-02-13 00:23:36

SEC to Sue Crypto Trust Co. Paxos Over Binance Stablecoin: WSJ

SEC to Sue Crypto Trust Co. Paxos Over Binance Stablecoin: WSJ

The U.S. Securities and Exchange Commission (SEC) intends to sue stablecoin issuer Paxos, which is behind the Pax Dollar and Binance USD tokens, over the latter. The news comes days after CoinDesk reported Paxos was under investigation by the New York Department of Financial Services.

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