SEC Drops Probe Into PayPal’s PYUSD Stablecoin
In brief PayPal says the SEC ended its 15-month investigation into PYUSD in February with no action taken. The inquiry began in November 2023 with a subpoena requesting internal documents on the stablecoin. The decision comes as Congress advances two major bills, the STABLE and GENIUS Acts, to regulate U.S. dollar-backed stablecoins. PayPal has emerged […]
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