PayPal Facing SEC Subpoena Linked to Stablecoin Could Be a ‘Power Grab,’ Former Paxos Exec Says

November 6, 2023 by Business Desk

CoinDesk published this video item, entitled “PayPal Facing SEC Subpoena Linked to Stablecoin Could Be a ‘Power Grab,’ Former Paxos Exec Says” – below is their description.

PayPal received a subpoena from the SEC recently, requesting documentation about its stablecoin PYUSD. Columbia Business School adjunct professor and former Paxos head of portfolio management Austin Campbell discusses the agency’s latest move, explaining why he thinks this is a “pretty transparent attempt at intimidation and a power grab, especially against another U.S. regulator.” Plus, Campbell’s reaction to FTX founder Sam Bankman-Fried’s guilty verdict and the outlook for the crypto industry.
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