#PayPal faces SEC scrutiny over its PYUSD #stablecoin, receiving a subpoena requesting the production of documents. #SEC subpoenas are information gathering measures and do not automatically result in legal actions or enforcement. The SEC's stance on stablecoins and potential action against #PYUSD remains uncertain.
https://www.theblock.co/post/260641/paypal-sec-subpoena-pyusd-stablecoin