U.S. SEC closes PayPal's PYUSD probe without action

The U.S. Securities and Exchange Commission (SEC) has ended its investigation into PYUSD, PayPal’s U.S. dollar-pegged stablecoin, without taking enforcement action, according to Cryptonews. In an April 29 filing, PayPal disclosed that the SEC’s Division of Enforcement had issued a subpoena in November 2023 seeking documents related to PYUSD. The company said it was notified in February 2025 that the inquiry had been closed with no further action.