SEC Drops PayPal Stablecoin Probe—PYUSD Just Dodged a Bullet
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Regulators blink first: The SEC quietly shelved its investigation into PayPal’s PYUSD stablecoin, clearing a major roadblock for mainstream crypto adoption. No fines, no charges—just the sound of Wall Street’s lobbyists earning their retainers.
Behind the retreat: Sources suggest the SEC lacked clear jurisdiction over the dollar-pegged asset, exposing yet another gap in Washington’s patchwork crypto oversight. Meanwhile, TradFi giants keep stacking regulatory wins while DeFi founders get subpoenas.
The bottom line: When a $70B payments giant plays by the rules, the rules suddenly get flexible. PYUSD now has a green light to challenge USDT’s dominance—assuming PayPal remembers how to innovate between compliance meetings.
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