Paxos said it will engage with the US securities regulator on the matter and is prepared to “vigorously litigate if necessary.”
Source: https://cointelegraph.com/news/paxos-categorically-disagrees-with-the-sec-that-busd-is-a-security
Paxos ‘categorically disagrees’ with the SEC that BUSD is a security
February 14, 2023
CoinTelegraph