Updates
Borderless General Counsel George Georgiades Comments on SEC’s Dismissal of PayPal Stablecoin Case in Law.com
Apr 30, 2025
Following the SEC’s decision to close its investigation into PayPal’s PYUSD Stablecoin without enforcement action, legal and regulatory leaders across the digital asset space are weighing in on the significance of the move. In a statement to Law.com, George S. Georgiades, General Counsel at Borderless.xyz, welcomed the shift as a signal of maturing regulatory clarity for the stablecoin industry.
“With federal stablecoin legislation expected later this year, general counsels will have a clear framework to lead their organizations into this space,” Georgiades said. “Expect an exponential surge in stablecoin issuers, application-layer innovation and adoption by both institutional and retail users.”
The SEC’s decision, disclosed in PayPal’s latest 10-Q filing, marks a turning point in regulatory posture under the Trump administration and new SEC Chair Paul Atkins. Georgiades’ remarks reflect a growing optimism within the industry that the era of regulation by enforcement may be giving way to a more constructive framework—one that enables responsible growth of stablecoin ecosystems.
Borderless.xyz continues to advocate for clear, actionable regulation and is building infrastructure to support compliant, globally interoperable stablecoin payments across over 50 countries.
For the full article, visit Law.com.
