Cryptocurrencies in the spotlight: SEC closes PayPal USD investigation as $LIBRA scandal rocks Argentina

The world of digital finance and cryptocurrencies continues to generate high-impact news, with key regulatory developments and political controversies.

In a move that could be interpreted as a sign of greater clarity or regulatory acceptance in the United States, the Securities and Exchange Commission (SEC) informed PayPal that it was closing its investigation into the stablecoin PayPal USD (PYUSD) "without enforcement action."

Context: This closure comes after US banking regulators (the Fed, FDIC, OCC) rescinded previous letters requiring specific approval for banks to engage in crypto-related activities.

Implications: These steps could facilitate further integration of cryptocurrencies and stablecoins issued by established players into the traditional U.S. financial system, although regulatory oversight will likely continue.

In contrast, Argentina is rocked by the $LIBRA cryptocurrency scandal, which turned out to be a scam.

Link to Milei: The controversy centers on the promotion of this digital asset on social media by figures close to President Javier Milei.

Official Response: Chief of Staff Guillermo Francos was questioned in Congress and denied any formal connection between the government or the president with the project, calling it a "private-private venture." However, the case has sparked a heated debate about the responsibility and influence of public figures in the volatile crypto market.

“The president [Milei] only disseminated public information… a private enterprise that is unknown to the government,” Guillermo Francos, Argentine Chief of Staff.

• Bitcoin: It remains trading near $95,000 USD.
• Traditional Banking: Banorte will discuss with its shareholders the possible purchase of Banamex. Banks such as UBS and Barclays are beating forecasts but fear the impact of tariffs.

These events highlight the continuing tension between digital financial innovation, inherent risks, and the necessary global regulatory oversight.

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