La SEC colpisce PayPal con un mandato di comparizione su Stablecoin

• PayPal ha lanciato la sua stablecoin PYUSD ad agosto.
• La SEC ha accusato diverse società di criptovaluta di violare le leggi statunitensi sui titoli.

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La società di servizi di pagamento PayPal ha confermato 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.

Il mercato delle stablecoin è attualmente competitivo, ma Paxos afferma che PYUSD ha registrato un'adozione impressionante, raggiungendo una capitalizzazione di mercato di $150 milioni pochi mesi dopo il suo lancio. Il PYUSD è stato quotato da alcuni dei più importanti scambi di criptovalute, come Kraken, Coinbase, Bitstamp e Crypto.com, che sono serviti da spinta per la nuova stablecoin.

PayPal ha anche fatto passi avanti per espandere l’uso del PYUSD. La società di pagamento ha annunciato l'intenzione di integrare PYUSD con il servizio di pagamento mobile Venmo. PayPal ha visto enormi progressi nelle sue ambizioni Web3 quest'anno. Il fornitore di servizi finanziari è recentemente entrato nel UK crypto market after receiving a license from the UK’s Financial Conduct Authority.

Questo è più che stupido.

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.

Qualcuno tolga dall'incarico questo tiranno non eletto. pic.twitter.com/GQktXiWjCf

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