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Firm Behind Binance's BUSD Stablecoin in Talks with the SEC

Paxos, a blockchain infrastructure platform and the issuer of Binance’s stablecoin Binance USD (BUSD), is in talks with the U.S. Securities and Exchange Commission over its decision to consider the stablecoin a security. 

In an email to employees, Paxos CEO Charles Cascarilla said they are having "constructive discussions" with the commission over BUSD, adding that they will continue the conversation in private, Reuters reported. 

(By Ruholamin Haqshanas)

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