Paxos, the BUSD issuer, received a letter from the SEC on allegations of being unregistered security. The investigation could be a detriment on Binance’s part as NYDFS orders a stop to BUSD minting. Binance USD [BUSD] holders might be faced with a heavy cross to bear after the U.S. SEC notified its issuer of a
![Could Binance USD [BUSD] be the next SEC casualty as regulator digs deep into…](https://images.cryptocompare.com/news/default/ambcrypto.png "Could Binance USD [BUSD] be the next SEC casualty as regulator digs deep into…")
