SEC plans to sue crypto agency Paxos over Binance token

The Securities and Exchange Commission has instructed crypto agency Paxos Trust Co. that it plans to sue the corporate for violating investor safety legal guidelines, based on folks aware of the matter, the most recent transfer within the company’s escalating marketing campaign in crypto enforcement.

The SEC’s enforcement employees issued a letter to Paxos often known as a Wells discover, which the company makes use of to tell firms and people of a attainable enforcement motion, based on the folks.

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