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SEC lawsuit against Paxos over BUSD baffles crypto community

On Feb. 13, the United States Securities and Exchange Commission (SEC) issued a wells notice to Paxos, alleging that BUSD is unregistered security. On the same day, the New York Department of Financial Services (NYDFS) ordered Paxos to halt the issuance of BUSD.

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Source: Cryptocurrency - investing.com

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