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coinpedia 2023-02-23 10:39:44

Stablecoin Scandal: SEC Probes Potential Violations of Investor-Protection Laws

The post Stablecoin Scandal: SEC Probes Potential Violations of Investor-Protection Laws appeared first on Coinpedia Fintech News The US Securities and Exchange Commission (SEC) is investigating whether stablecoins are among the products that were issued in violation of investor-protection laws. The SEC enforcement lawyers have told Paxos Trust Co. that regulators plan to take enforcement action over its stablecoin, BUSD, and have pushed the company into making the decision to stop minting …

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