US SEC terminates investigation into PayPal's stablecoin PYUSD, no enforcement action

Crypto 7x24

2025-04-30 12:19:18

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Online reported that PayPal disclosed in a document filed on Tuesday that the U.S. Securities and Exchange Commission (SEC) has terminated its investigation into its U.S. dollar stablecoin PYUSD and will not take enforcement action. PayPal said that the SEC enforcement department previously issued a subpoena in November 2023 requesting documents related to PYUSD, and notified the investigation to close in February 2025.

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