Stablecoins, the less speculative digital currencies that are backed by, and pegged to, USD, are now drawing attention from the SEC to ensure they are not being distributed in violation of security law guidelines that protect consumers. Paxos, a regulated digital asset custodian and exchange, has been informed by SEC enforcement attorneys that the BUSD (Binance USD stablecoin) will be the subject of enforcement action from the government.
Stablecoins Attract Scrutiny in SEC’s Drive to Control Crypto
