PayPal has cleared a significant regulatory hurdle with the U.S. Securities and Exchange Commission (SEC) closing its investigation into its dollar-pegged stablecoin, PYUSD. The SEC did not issue any enforcement recommendations in its April 29 filing, marking a turning point for PayPal’s foray into digital assets. The investigation, initiated in November 2023 with a subpoena from the SEC’s Division of Enforcement, had requested internal documents regarding PYUSD. While PayPal cooperated fully, it remained tight-lipped throughout the process. Now, the ambiguity surrounding its stablecoin is lifted as the SEC officially dropped the inquiry. PayPal issued a brief statement expressing satisfaction with the resolution.