SEC Ends PayPal Stablecoin Probe With No Action Taken

SEC Ends PayPal Stablecoin Probe With No Action Taken

With no enforcement measures taken, the U.S. Securities and Exchange Commission has formally concluded its investigation of PayPal Holdings Inc.'s U.S. dollar-pegged stablecoin, PYUSD. This decision eliminates a significant regulatory burden for the payments behemoth. PayPal said in a regulatory filing dated April 29 that the SEC informed the company in February that the investigation into its stablecoin activities was concluded. In Nove...

SEC Ends PayPal Stablecoin Probe With No Action Taken

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