PayPal launched the Dollar-Stablecoin PYUSD to enter the cryptocurrency realm and benefit from its potential in payments and transfers. β Most comments show excitement and optimism about PayPal's entry into cryptocurrency and the potential benefits of PYUSD. This suggests that the primary reason for PayPal's move is to leverage the growth and utility of the crypto market.
The SEC aimed to assert its regulatory authority over the cryptocurrency market. β The majority of viewpoints suggest that the SEC is attempting to exert more control over the crypto market, especially based on their criticism towards Coinbase's multi-role operations.
Unclear β The majority of comments express frustration with SEC Chair Gensler's refusal to definitively classify Ether as a security or a commodity. There is also a portion of the comments that interpret this as a strategic move to maintain control or avoid legitimizing Ether.