PANews reported on April 30 that according to Cryptonews, the U.S. Securities and Exchange Commission (SEC) has terminated its investigation into PayPal's stablecoin PYUSD and has not taken enforcement action. In a document disclosed on May 1, PayPal stated that the SEC Enforcement Division issued a subpoena for documents in November 2023 and notified the end of the investigation in February 2025. PayPal pointed out in the document that future legislation may bring new compliance costs to stablecoin issuers, and if partners are involved in litigation or PYUSD is used for illegal transactions, it may cause reputational risks. The termination of this investigation may ease institutional compliance concerns about stablecoins in the short term.