SEC Ditches PayPal's PYUSD Probe, Removing Key Regulatory Hurdle for Its Stablecoin

The U.S. Securities and Exchange Commission has closed its investigation into PayPal’s dollar-backed stablecoin, PayPal USD (PYUSD), without taking enforcement action, ending a regulatory chapter that began more than a year ago, the company said."In November 2023, we received a subpoena from the U source: https://www.coindesk.com/business/2025/05/01/sec-ditches-paypal-usd-probe-helping-its-stablecoin-offering-grow-further