Headline:
SEC Concludes Investigation into PayPal's PYUSD Stablecoin, Takes No Further Action Against the Company
SEC Clears the Way for PayPal's Stablecoin: PayPal USD (PYUSD) Inquiry Concluded, No Enforcement Action
The Lowdown:
Secure your spot at the forefront of the flashy world of finance and cryptocurrency as we dive deep into the crypto markets, uncovering the latest news, trends, and analyses for Bitcoin, Ethereum, altcoins, financeflux, trading, NFTs, blockchain, futuremash, regulators, scams, hacks, and breaches. With a kickass blend of humor, wit, and insight, this energizing read is the perfect blend for the crypto-curious and seasoned aficionados alike.
Crypto Clatter:
- PayPal USD Inquiry Concluded: In a remarkable turn of events, PayPal has announced that the investigation by the U.S Securities and Exchange Commission (SEC) into its dollar-backed crypto asset, PayPal USD (PYUSD), has been concluded — without any enforcement action[1][2]. This decision follows a subpoena issued to PayPal by the SEC in November 2023, requesting documents related to PYUSD[1][2]. With this legal hurdle out of the way, PayPal and the issuer, Paxos, can continue to chart new territory in the stablecoin market.
- Growth Trajectory for PYUSD: Since the beginning of 2025, the circulating supply of PYUSD has witnessed a staggering 75% increase[1]. This growth reveals the robust demand for dollar-backed stablecoins, though PYUSD remains a small player in the market with a market capitalization of approximately $880 million[1].
Industry Announcements:
- aZen Secures $1.2 Million Seed Round: Emerging Web 3.0 powerhouse, aZen, has secured a seed round of funding totaling $1.2 million, bolstering their quest to develop DePIN — an innovative DeFi infrastructure for ubiquitous AI[3]. aZen has built a user base of 600,000 individuals, turning heads and attracting the attention of early stage investors.
- Bitcoin Seoul 2025: The crypto world is gearing up for Asia's largest Bitcoin-focused conference, Bitcoin Seoul 2025. Industry giants and thought leaders from around the globe are set to descend upon Seoul, South Korea, for this hotly-anticipated event[4]. Bitcoin enthusiasts eager to connect, collaborate, and celebrate the future of Bitcoin need look no further than Bitcoin Seoul 2025.
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[1] https://www.coindesk.com/paypal-usd-stablecoin-inquiry-sec-closed[2] https://www.sec.gov/Archives/edgar/data/1151730/000110465921074135/paypayl-20250429x10q.htm[3] https://decrypt.co/89112/azen-ai-fintech-seed-round-aiswap[4] https://decrypt.co/88929/bitcoin-seoul-2025-asias-biggest-bitcoin-conference[5] https://www.facebook.com/TheDailyHodl[6] https://t.me/thedailyhodl[7] https://twitter.com/thedailyhodl[8] https://thedailyhodl.com/?amp=true[9] https://thedailyhodl.com/price-action[10] https://www.bitchute.com/video/pf2TdksS2vQX/[11] https://thedailyhodl.com/advertise/
- The SEC's conclusion of their investigation into PayPal's stablecoin, PayPal USD (PYUSD), without any enforcement action, opens up possibilities for PayPal and Paxos to further explore the stablecoin market, as the growth trajectory for PYUSD has already demonstrated a significant 75% increase in its circulating supply since the beginning of 2025.
- The crypto world is abuzz with anticipation for Bitcoin Seoul 2025, Asia's largest Bitcoin-focused conference, set to bring together industry leaders, enthusiasts, and curious minds alike to commemorate the future of Bitcoin, showcasing the fusion of finance, technology, and innovation via cryptocurrencies, blockchain, and other related altcoins.
