PayPal seems to be watched closely by government regulators
People tell PayPal got a request from a government agency called the SEC to share some documents related to their PYUSD digital money. PayPal introduced PYUSD in August, and they were the first big traditional financial company to make their own digital currency. They said it would have new uses and help them compete better.
Heard the company mentioned in their report that they received this request from the SEC. It looks like they didn't say exactly what kind of documents the SEC wants, but they are working with the SEC to give them what they need.
Some people think the SEC is being very strict about digital currencies in recent times, and this request is part of that. Others believe it's just to make sure PayPal follows the rules.