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Posted by
Two Blokes Apr 30 -
Filed in
Crypto
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PayPal says the US Securities and Exchange Commission has abandoned its investigation into the payment giant's US-dollar stablecoin.PayPal said in an April 29 regulatory filing that the SEC concluded its investigation into PayPal USD (PYUSD) and wouldn't be taking any action. The company said it received a subpoena from the SEC's Division of Enforcement over its stablecoin in November 2023.
