Paxos Approved by SEC to Operate Blockchain Clearing Agency, Marking Major Shift in U.S. Market Infrastructure
The Paxos Approved by SEC milestone represents one of the most significant regulatory breakthroughs yet for blockchain infrastructure in traditional finance. The approval allows Paxos to operate a federally regulated blockchain-based clearing agency under the supervision of the U.S. Securities and Exchange Commission, potentially reshaping how securities are cleared and settled in the United States….
