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US SEC terminates investigation into PayPal stablecoin PYUSD and does not take enforcement action

US SEC terminates investigation into PayPal stablecoin PYUSD and does not take enforcement action

CointimeCointime2025/04/30 04:12
By:Cointime

PayPal disclosed in a document submitted on Tuesday that the U.S. Securities and Exchange Commission (SEC) has terminated its investigation into its USD stablecoin PYUSD and will not take enforcement action. PayPal stated that the SEC enforcement division had previously issued a subpoena in November 2023 requesting documents related to PYUSD and notified the investigation was closed in February 2025.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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