SEC schlägt PayPal mit Vorladung wegen Stablecoin vor

• PayPal hat im August seinen PYUSD-Stablecoin eingeführt.
• Die SEC hat mehreren Kryptofirmen vorgeworfen, gegen US-Wertpapiergesetze verstoßen zu haben.

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Der Zahlungsdienstleister PayPal hat Bestätigt that it received a subpoena from the US Securities and Exchange Commission (SEC) over its PayPal USD (PYUSD) stablecoin. The company wrote in its quarterly report that “on November 1, 2023, we received a subpoena from the U.S. SEC Division of Enforcement relating to PayPal USD stablecoin. The subpoena requests the production of document.”

PayPal noted that it is complying with the SEC’s demands. Subpoenas are legally binding orders for testimony, documents, or other forms of proof that federal agencies can issue during an investigation into any violations of US laws.

Thursday’s news comes months after PayPal announced the launch of its PYUSD stablecoin. PayPal USD is an Ethereum-based stablecoin that is backed by the US dollar, dollar deposits, and other cash equivalents and is issued by Paxos.

Der Stablecoin-Markt ist derzeit hart umkämpft, aber Paxos behauptet, dass PYUSD eine beeindruckende Akzeptanz erfahren habe und wenige Monate nach seiner Einführung eine Marktkapitalisierung von $150 Millionen erreicht habe. Der PYUSD wurde von einigen der bekanntesten Krypto-Börsen wie Kraken, Coinbase, Bitstamp und Crypto.com gelistet, was dem neuen Stablecoin Auftrieb gab.

PayPal hat auch Schritte unternommen, um die Nutzung des PYUSD auszuweiten. Das Zahlungsunternehmen kündigte Pläne an, PYUSD in den mobilen Zahlungsdienst Venmo zu integrieren. PayPal hat in diesem Jahr große Fortschritte bei seinen Web3-Ambitionen gemacht. Der Finanzdienstleister ist kürzlich in die eingestiegen Vereinigtes Königreich crypto market after receiving a license from the UK’s Financial Conduct Authority.

Das ist mehr als dumm.

The SEC subpoenaing PayPal about a dollar backed stablecoin that has stronger guarantees than the digital dollars Paypal's been using for 20 years.

If it's a token Gary thinks it's his.

Jemand holt diesen nicht gewählten Tyrannen aus dem Amt. pic.twitter.com/GQktXiWjCf

— RYAN SΞAN ADAMS – rsa.eth (@RyanSAdams) 2. November 2023

The SEC’s subpoena to PayPal is a possible indication of the hostile regulatory environment crypto companies face in the US. Several crypto leaders have urged new start-ups to move abroad in search of more-friendly rules. The SEC has sued several leading crypto figures and platforms, such as Coinbase, Binance, and Binance’s CEO, Changpeng Zhao. The SEC accused some of these companies of violating US securities laws.

However, the federal agency has suffered a series of disappointments in its enforcement actions against crypto firms. The regulator was forced to dismiss its suit against two Ripple executives and also suffered a humiliating defeat to Grayscale. Many believe the SEC’s loss to Grayscale could pave the way for the approval of a spot Bitcoin ETF.

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