SEC atinge PayPal com intimação sobre Stablecoin
- O PayPal lançou seu stablecoin PYUSD em agosto.
- A SEC acusou várias empresas de criptografia de violarem as leis de valores mobiliários dos EUA.
A empresa de serviços de pagamento PayPal tem confirmado 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.
O mercado de stablecoin é atualmente competitivo, mas Paxos afirma que o PYUSD teve uma adoção impressionante, atingindo uma capitalização de mercado de $150 milhões alguns meses após seu lançamento. O PYUSD foi listado por algumas das exchanges de criptomoedas mais proeminentes, como Kraken, Coinbase, Bitstamp e Crypto.com, o que serviu de impulso para a nova stablecoin.
O PayPal também tomou medidas para expandir o uso do PYUSD. A empresa de pagamento anunciou planos para integrar o PYUSD ao serviço de pagamento móvel Venmo. O PayPal viu um enorme progresso em suas ambições Web3 este ano. O prestador de serviços financeiros entrou recentemente no Reino Unido crypto market after receiving a license from the UK’s Financial Conduct Authority.
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.