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PayPal has confirmed that the U.S. Securities and Exchange Commission has ended its investigation into the company’s U.S. dollar-backed stablecoin, PYUSD, without taking any action. In a regulatory filing on April 29, PayPal said the SEC notified them that the case was closed. The investigation began after PayPal received a subpoena from the SEC’s Division of Enforcement in November 2023. The news marks a positive step for PayPal’s crypto ambitions, clearing a regulatory cloud over PYUSD.
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Qadir AK
Qadir AK
Author
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Apr 30, 2025 08:01 UTC
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SEC Drops PayPal’s PYUSD Stablecoin Probe With No Action
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