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Crypto company Paxos confirms receiving SEC lawsuit threat about stablecoin BUSD

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Stablecoin issuer Paxos said Monday that it received a Wells Notice from the U.S. Securities and Exchange Commission on Feb. 3, confirming a report by the...

Stablecoin issuer Paxos said Monday that it received a Wells Notice from the U.S. Securities and Exchange Commission on Feb. 3, confirming a report by the Wall Street Journal on Sunday.

An... Stablecoin issuer Paxos said Monday that it received a Wells Notice from the U.S. Securities and Exchange Commission on Feb. 3, confirming a report by the Wall Street Journal on Sunday. An SEC Wells Notice is a formal notice that tells a recipient that the regulator plans to bring enforcement actions against it.

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