PayPal Says On Nov. 1, 2023 Co Received Subpoena From SEC Devision Of Enforcement Related To PayPal USD Stablecoin, SEC Requests Production Of Documents
Portfolio Pulse from Benzinga Newsdesk
PayPal has received a subpoena from the SEC's Division of Enforcement related to its USD Stablecoin. The SEC has requested the production of documents, according to an SEC filing.
November 02, 2023 | 12:00 pm
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NEGATIVE IMPACT
PayPal has been subpoenaed by the SEC regarding its USD Stablecoin. This could potentially lead to regulatory issues for the company.
The SEC subpoena indicates a potential regulatory issue related to PayPal's USD Stablecoin. This could lead to legal complications for the company, which may negatively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100