SEC ends investigation into PayPal’s stablecoin without enforcement action
In Brief: The US Securities and Exchange Commission (SEC) has closed its investigation into PayPal’s stablecoin (PYUSD) without taking any enforcement actions. Following months of uncertainty, the organization announced the development during its Q1 2025 financial report. The SEC launched its investigation into PayPal’s stablecoin in November 2023 and concluded it in February 2025. PayPal […]
SEC halts lawsuit as federal prosecutors take up fraud case against mining firm Geosyn
Brief Take US Securities and Exchange Commission has paused its fraud case against crypto mining firm Geosyn Mining and its execs after they surrendered to federal prosecutors on similar fraud charges filed earlier in February. The federal prosecutors accused Caleb Ward, Geosyn’s CEO, and Jeremy McNutt, the company’s former operations chief, of diverting customers’ funds […]
Binance and SEC agree to pause their court case for 60 days
Brief Take: Binance and the United States Securities Exchange Commission have unanimously agreed to halt their ongoing court case for 60 days, after which they can still decide whether or not to extend it. Binance, SEC requests for a 60-day wait In the filing, lodged Monday, the regulatory body revealed that the request to keep […]