Crypto Firm Paxos Faces SEC Lawsuit Over Binance USD Token

The Securities and Exchange Commission has told crypto firm Paxos that it plans to sue the company for violating investor protection laws, WSJ reported, citing people familiar with the matter, the latest move in the agency's escalating campaign in crypto enforcement. From the report: The SEC's enforcement staff issued a letter to Paxos known as a Wells notice, which the agency uses to inform companies and individuals of a possible enforcement action, according to the people. The notice alleges t