BTCC
/
BTCC Square
/
Global Cryptocurrency
/
SEC Concludes PayPal Stablecoin Probe Without Enforcement Action
SEC Concludes PayPal Stablecoin Probe Without Enforcement Action
7
2
The Securities and Exchange Commission has closed its 15-month investigation into PayPal’s PYUSD stablecoin without taking enforcement action. The probe, initiated in November 2023 with a subpoena for internal documents, concluded quietly in February as legislative efforts to regulate dollar-pegged stablecoins gain momentum in Congress.
PayPal’s disclosure marks a significant regulatory milestone for the payments giant’s crypto ambitions. The decision comes amid advancing legislation including the STABLE Act and GENIUS Act, which aim to establish clear frameworks for stablecoin oversight in the United States.
By:
Previous
BlackRock Introduces Blockchain-Enabled Shares for $150B Money Market Fund
Next
Chainlink LINK Holds Firm at $14.55 Despite Mixed On-Chain Signals
