Paxos is also the issuer of BUSD (used by Binance). In Feb this year, SEC labelled BUSD an uregistered security so I'm not sure if that means PYUSD can be labelled a security as well or if BUSD is now completely fine or what is going on.
Paxos is also an issuer of PAXG though SEC so far hasn't targeted that particular coin.
I think the Paxos and SEC drama was a deliberate attack at Binance, notice how it all died down as soon as BUSD was pulled out.
PayPal seems to be clear on regulations let’s see how it turns out
You might be right.. but that just shows how partisan SEC is and how difficult it is to make any predictions when everything is so arbitrary and political