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SEC Drops Investigation into PayPal's PYUSD Stablecoin Without Imposing Any Penalty
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- SEC Drops Investigation into PayPal's Stablecoin, PayPal USD (PYUSD)
After nearly two years of investigation, the U.S. Securities and Exchange Commission (SEC) has decided not to take enforcement action against PayPal's USD-backed stablecoin, PayPal USD (PYUSD). The SEC sent a notification to PayPal in February 2025, confirming the closing of the inquiry which began in November 2023 when the regulator issued a subpoena for documents related to PYUSD[1][5].
PayPal, which introduced PYUSD to capitalize on the potential of Web3 payments, fully cooperated with the investigation[1][3]. The development comes amid reports that PayPal is planning to offer rewards to PYUSD users to boost adoption of the stablecoin[1].
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Source:[1] The Block. (2025, April 29). PayPal discloses SEC closed investigation into USD stablecoin PayPal USD without enforcement action. The Block. https://www.theblockcrypto.com/linked/135548/paypal-usd-stablecoin-investigation-sec
[2] CoinMarketCap. (2025). PayPal USD (PYUSD). CoinMarketCap.com. https://coinmarketcap.com/currencies/paypal-usd/
[3] The Block. (2023, November 15). PayPal under SEC investigation, subpoenaed documents related to USD stablecoin. The Block. https://www.theblockcrypto.com/linked/113438/paypal-usd-stablecoin-subpoena-sec
[4] Cointelegraph. (2025, April 29). How the SEC's new acting chair may help Bitcoin ETFs get the green light. Cointelegraph. https://cointelegraph.com/news/how-the-sec-s-new-acting-chair-may-help-bitcoin-etfs-get-the-green-light
[5] Securities and Exchange Commission. (n.d.). Types of investigations. U.S. Securities and Exchange Commission. https://www.sec.gov/ Page/Investor-Information/Investor-Guides/types-investigations
- The SEC has chosen not to take action against PayPal's USD-backed stablecoin, PayPal USD (PYUSD), after a nearly two-year investigation.
- Despite the investigation, PayPal fully cooperated with the SEC and is reportedly planning to offer rewards to PYUSD users to boost adoption.
- In other crypto news, Pepeto is set to launch on an exchange, following the wrap-up of its presale and the achievement of platform milestones.
- A disclaimer: This text is a summary of news articles and press releases. Readers are advised to do their own research and seek financial advice before making any investment decisions.
