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SEC Ends Probe Into PayPal’s Stablecoin PYUSD Without Enforcement Action
SEC Ends Probe Into PayPal’s Stablecoin PYUSD Without Enforcement Action
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The U.S. Securities and Exchange Commission has quietly closed its investigation into PayPal’s dollar-pegged stablecoin PYUSD, marking another retreat from crypto enforcement under the Trump administration. Regulatory filings reveal the agency issued a November 2023 subpoena before abruptly terminating the probe in February 2025.
This decision reflects a broader policy shift at the SEC since President Trump took office last January. The agency has systematically scaled back digital asset oversight, dropping multiple high-profile cases against crypto firms. market observers note the move creates regulatory breathing room for stablecoin issuers amid growing institutional adoption.
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