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The SEC has ended its investigation into PayPal’s PYUSD stablecoin as lawmakers push for comprehensive stablecoin regulation.
What’s the Scoop?
- Probe Closed: The SEC officially ended its investigation into PYUSD with no enforcement action, marking a regulatory win for PayPal.
- Investigation Details: The probe began in November 2023, focusing on internal documents relating to PYUSD but resulted in no findings of wrongdoing.
- Broader Context: The dropped investigation comes amidst bipartisan efforts to regulate stablecoins, with the STABLE and GENIUS Acts advancing in Congress.
