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SEC Concludes PayPal’s PYUSD Investigation: Regulatory Clarity for Stablecoins
SEC Concludes PayPal’s PYUSD Investigation: Regulatory Clarity for Stablecoins
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The U.S. Securities and Exchange Commission has closed its probe into PayPal’s dollar-pegged PYUSD stablecoin, marking a milestone for regulated crypto adoption. Launched in August 2023, the asset is backed by U.S. dollar deposits and short-term Treasuries.
Regulatory scrutiny intensified in November 2023 when the SEC issued a subpoena for PYUSD documentation. PayPal navigated the process while restructuring compliance measures, reflecting the delicate balance between innovation and oversight in digital assets.
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