Possibility of filing a lawsuit over the BUSD issue The US Securities and Exchange Commission (SEC) claims that the US dollar-linked stablecoin “BinanceUSD (BUSD)” is a security, and its issuing company, Paxos, has registered the security with the SEC. Issued a “Wells Notice” for failure to do so. Paxos announced on the 13th that it had received the notice 10 days earlier (February 3). He made it clear that he did not agree with the SEC’s decision. Paxos categorically challenges SEC officials because BUSD is not a security under the federal securities laws. We have discussed this matter with SEC staff…
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