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$16.1 billion $492 million $898.16 million 5 billion 9 alleged violations Binance Binance USD BUSD circulating supply enforcement action financial institution founded investor protection laws ItBit limited-purpose trust charter Market Capitalization monitor News NYDFS PAXG Paxos Paxos Trust Company probe redemptions SEC securities regulator situation Stablecoin stablecoin issuers Supply technology company unregistered security USDP wells notice year-to-date statistics

Paxos Receives Wells Notice from SEC, NYDFS Orders Issuer to Stop Minting BUSD

Feb 13, 2023 Robert Brown

According to a report published on Feb. 12, 2023, the New York-based financial institution and technology company, Paxos, has received a Wells Notice from the U.S. Securities and Exchange Commission…

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