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The SEC has dropped its investigation into Paxos, finding that BUSD is not a security

According to market news, the Securities Exchange Commission has dropped its investigation into Paxos and determined that BUSD is not a security.

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BUSD is trading at a small premium of $1.02, up 0.5% in 24 hours.

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Over 90 million USDCs were transferred from unknown wallets to Coinbase institutional accounts

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