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24h Vol: $95,209,059,350
Bitcoin.com 2023-02-13 12:03:11

Paxos Receives Wells Notice from SEC, NYDFS Orders Issuer to Stop Minting BUSD

Paxos Receives Wells Notice from SEC, NYDFS Orders Issuer to Stop Minting BUSD
According to a report published on Feb. 12, 2023, the New York-based financial institution and technology company, Paxos, has received a Wells Notice from the U.S. Securities and Exchange Commission (SEC) regarding alleged violations of investor protection laws. Paxos revealed the following day that it would no longer mint BUSD and it was ending its
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