Paxos engaged in ‘constructive discussions’ with U.S. SEC over Binance stablecoin- internal email

The firm behind Binance’s stablecoin, Paxos Trust Company, is having constructive discussions with the U.S. Securities and Exchange Commission after the firm disclosed that the regulator told the company it should have registered the token as a security, according to an internal email from Paxos’ chief executive officer.