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SEC closed the investigation into PayPal's stablecoin — no fines or claims
😁 The U.S. Securities and Exchange Commission (SEC) completed its review of the PYUSD stablecoin issued by PayPal and found no violations. The company received official notification of the closure of the investigation.
Reminder:
1️⃣ In November 2023, the SEC requested documents regarding PYUSD
2️⃣ PayPal announced a partnership with the regulator
Reminder:
1️⃣ In November 2023, the SEC requested documents regarding PYUSD
2️⃣ PayPal announced a partnership with the regulator
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