Congresswoman Criticizes PayPal’s Launch of Stablecoin
- Cary
- August 10, 2023
- News, Cryptonews
- Congresswoman, Launch, PayPal, Regulatory
- 0 Comments
Congresswoman Maxine Waters voices concerns over PayPal’s PYUSD stablecoin launch without federal regulatory approval, highlighting the need for oversight and stablecoin regulation. Key Points Democratic Congresswoman Maxine Waters (D-CA) has voiced her criticism of PayPal’s recent launch of its dollar-backed stablecoin, PYUSD. While acknowledging the groundbreaking move by the global payment firm, Waters expressed concerns regarding the lack of federal …
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