U.S. SEC Subpoenas PayPal About USD Stablecoin

[{"selector":"#anim-bf091bc2-ddb1-4963-a540-3eeeec53e7f9","keyframes":{"transform":["scale(1)","scale(1.3)","scale(0.97)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":50,"duration":1601,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-eaa0499a-694d-44f2-9389-a7152f428844","keyframes":{"transform":["scale(1)","scale(1.3)","scale(0.97)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":50,"duration":1601,"easing":"ease-in-out","fill":"both","iterations":1}]

Image: Google

[{"selector":"#anim-37eea75f-5ee1-4b7d-86bc-42c686107688","keyframes":{"opacity":[0,1]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-59f160ea-d597-414f-8b24-60425fd90108","keyframes":{"transform":["translate3d(0px, 229.84935%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6aca1af1-3f5d-4bf0-aa28-fdf08db70076","keyframes":{"transform":["scale(1)","scale(1.3)","scale(0.97)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":50,"duration":1601,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-f41d4a65-f274-477f-8a7d-779ced82b1f9","keyframes":{"opacity":[0,1]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b85282ca-f557-451a-a655-e366214585a0","keyframes":{"transform":["translate3d(0px, -4362.23024%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] PayPal received a subpoena from the U.S. Securities and Exchange Commission (SEC) regarding its USD stablecoin.

Image: Google

[{"selector":"#anim-e35f8f51-3ce5-4fb1-9455-6b3baf5ea3d0","keyframes":{"opacity":[0,1]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ccbcf06e-6b8f-4370-97cb-f2ba79267939","keyframes":{"transform":["translate3d(0px, 282.52315%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8c21ecad-5eef-4e3e-904b-8d9750a4cf04","keyframes":{"transform":["scale(1)","scale(1.3)","scale(0.97)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":50,"duration":1601,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-d5932b2d-2590-4765-a52c-bb3e625042af","keyframes":{"opacity":[0,1]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-86713b40-9364-4a0d-bb09-5ed1b7eda4c4","keyframes":{"transform":["translate3d(0px, -4362.23024%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The subpoena requests documentation about PayPal's stablecoin.

Image: Google

[{"selector":"#anim-4557e097-9006-4bae-8630-9a4fe80d805c","keyframes":{"opacity":[0,1]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8d6cb3a3-dce3-4ec6-8e7f-c4f947b92eb2","keyframes":{"transform":["translate3d(0px, 282.52315%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c944b6ad-72fa-41a4-ace5-71eb21cbba3c","keyframes":{"transform":["scale(1)","scale(1.3)","scale(0.97)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":50,"duration":1601,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-1392afed-560c-4073-82fc-6d1980756335","keyframes":{"opacity":[0,1]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-71ad21cd-e422-43c0-be9d-1420cf4ca6aa","keyframes":{"transform":["translate3d(0px, -4362.23024%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] PayPal stated that it is cooperating with the SEC in response to the subpoena.

Image: Google

[{"selector":"#anim-fea70e9f-c55e-4ea9-9e23-d2136a02beef","keyframes":{"opacity":[0,1]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9546b441-1700-4b93-b526-51ea48ce873e","keyframes":{"transform":["translate3d(0px, 387.46034%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f6cb12d2-7966-4a76-ae25-e834629e0f1c","keyframes":{"transform":["scale(1)","scale(1.3)","scale(0.97)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":50,"duration":1601,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-1cba9a09-eeb5-4798-ae99-64ab77a7f5d0","keyframes":{"opacity":[0,1]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-86edcf55-62c5-4fec-9c74-051f69dedd94","keyframes":{"transform":["translate3d(0px, -4362.23024%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] PayPal's stablecoin, called PayPal USD (PYUSD), was launched in August.

Image: Google

[{"selector":"#anim-e229dae7-8e73-4ab6-ba84-243e7c8ce6fa","keyframes":{"opacity":[0,1]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7dc27d38-3df6-4c63-b5b5-43b4c2c1f462","keyframes":{"transform":["translate3d(0px, 565.04630%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5e3935fb-e27f-43a4-b46d-071d6ab3f824","keyframes":{"transform":["scale(1)","scale(1.3)","scale(0.97)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":50,"duration":1601,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-6a95ae22-2138-4a4b-8563-f1256d2f054d","keyframes":{"opacity":[0,1]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6efc1d39-5c16-4caa-a2c9-5f75e713df8e","keyframes":{"transform":["translate3d(0px, -4362.23024%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] PayPal's stablecoin, called PayPal USD (PYUSD), was launched in August.

Image: Google

[{"selector":"#anim-56df76a8-20fd-457f-9045-bdac0c1bd0be","keyframes":{"opacity":[0,1]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-361a2411-d998-4c4e-83bc-aeebec62fc1e","keyframes":{"transform":["translate3d(0px, 229.84935%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9e54a6e6-05aa-4b89-b8c3-3f68c98584da","keyframes":{"transform":["scale(1)","scale(1.3)","scale(0.97)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":50,"duration":1601,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-9db5a44d-7b67-4013-aed0-dfcb7438b28e","keyframes":{"opacity":[0,1]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-38800c3d-a82c-45d7-adae-95149c91b40a","keyframes":{"transform":["translate3d(0px, -4362.23024%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Some members of Congress expressed concerns about big tech companies en tering the stablecoin space.

Image: Google

[{"selector":"#anim-f83f83cb-0379-4316-8aca-ac15dc674199","keyframes":{"opacity":[0,1]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7878eb1c-148b-46f0-b29a-df594a8b89b4","keyframes":{"transform":["translate3d(0px, 387.46034%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2be9d437-9614-44cd-9bd2-984757be4a47","keyframes":{"transform":["scale(1)","scale(1.3)","scale(0.97)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":50,"duration":1601,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-5900f134-27c7-4ce8-8b5f-c07071890ef3","keyframes":{"opacity":[0,1]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4e2fd266-8497-45cf-ad8e-66fbeacc7057","keyframes":{"transform":["translate3d(0px, -4362.23024%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Stablecoin issuer Circle argued that financial trading laws should not apply to stablecoins.

Image: Google

[{"selector":"#anim-b8624ec3-31d6-450d-8b8e-ac69805c3142","keyframes":{"opacity":[0,1]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-899b28bf-6e94-414f-a044-0885e65a08a3","keyframes":{"transform":["translate3d(0px, 282.52315%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fd2bd73b-2a42-4a84-a51c-8a7ff24c7d09","keyframes":{"transform":["scale(1)","scale(1.3)","scale(0.97)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":50,"duration":1601,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-6d5456a5-cecd-4546-b735-fb3e9a574343","keyframes":{"opacity":[0,1]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d02e3074-683a-4bc4-bcb4-e11f5949d47f","keyframes":{"transform":["translate3d(0px, -4362.23024%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] PYUSD is an Ethereum-based token offered to PayPal and Venmo customers, and PayPal has expanded its cryptocurrency services since 2020.

[{"selector":"#anim-0c7f9023-8835-490b-a22c-05084a22ecc5","keyframes":{"opacity":[0,1]},"delay":200,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3135c481-9b66-43d2-8bd9-220db55c712b","keyframes":{"transform":["translate3d(0px, 158.27989%, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] “Take a moment and visit our site to get more updates and stay aware.” Large Radish Swipe More