In an astounding development within the crypto industry, the US Securities and Exchange Commission (SEC) dropped its investigation into PayPal’s PYUSD stablecoin. In a Tuesday filing, the SEC revealed its decision to close the investigation without pursuing any enforcement action.
Notably, this marks another major triumph for the crypto industry, building on its recent successes in multiple lawsuits.
SEC Closes Investigation into PayPal PYUSD
In an April 29 filing, payments giant PayPal revealed that the US SEC dropped its investigation into the US dollar-backed stablecoin, PYUSD. As noted by PayPal, the SEC confirmed its decision to end the case earlier this year.
Reportedly, PayPal received a subpoena from the SEC’s Division of Enforcement over its stablecoin in November 2023. In February 2025, the SEC informed the firm that they have decided to close the case “without enforcement action.”
Nynu V Jamal
Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.
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