Paxos has achieved a milestone as the first blockchain-native firm to receive SEC clearing agency approval The Securities and Exchange Commission (SEC) has formally approved Paxos as a registered clearing agency, marking a major turning point for financial market infrastructure. The historic decision allows the company’s subsidiary, Paxos Securities Settlement Company, to operate as an
The decision comes as the securities watchdog continues to go after other crypto companies The US Securities and Exchange Commission (SEC) has signaled a potential shift in its approach to stablecoin regulation by dropping its investigation into Paxos Trust Company, the issuer of the Binance USD (BUSD) stablecoin. The decision, announced in a letter from
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