SEC Concludes Investigation into PayPal's Stablecoin PYUSD

According to PANews, the U.S. Securities and Exchange Commission (SEC) has concluded its investigation into PayPal's stablecoin, PYUSD, without taking any enforcement action. PayPal disclosed in a document on May 1 that the SEC's enforcement division issued a subpoena in November 2023 and notified the company in February 2025 of the investigation's conclusion. PayPal cautioned that future legislation might impose new compliance costs on stablecoin issuers. Additionally, if partners face legal issues or if PYUSD is used in illegal transactions, it could pose reputational risks. The end of this investigation may temporarily ease institutional concerns regarding stablecoin compliance.