Stablecoin issuer Circle is ramping up hiring ahead of a potential IPO. New documents obtained by Barron’s reveal the SEC’s concerns regarding Circle’s USDC stablecoin, particularly around whether USDC should be considered a security and if Circle should be classified as an investment company. The documents, spanning 155 pages, were obtained via a public records request. These concerns could complicate Circle’s IPO plans. Despite these challenges, Circle’s USDC stablecoin may benefit from new European guidelines governing digital assets set to take effect in July, according to Kaiko Research.
Stablecoin issuer Circle faced concerns from the SEC in its last attempt to go public. Coinbase would benefit if Circle now succeeds.
[COINTELEGRAPH] Stablecoins to make up 10% of money in the next decade or so: Circle CEO
Barron’s obtained *155 pages* of docs from SEC via public records request pertaining to correspondence b/w Circle & the agency… Centers around whether USDC a security & if Circle should be considered investment company. Relevant b/c Circle trying to IPO. via @joelight https://t.co/67k9TfQW7O
New documents show SEC’s concerns about #crypto company aiming for #IPO https://t.co/MHRppx6cwm
ICYMI: SEC concerns over USDC may complicate Circle’s IPO plans – Barron’s Read the full article 👇 https://t.co/3QR1sBRGFd https://t.co/aM2p4hjzNH
SEC concerns over USDC may complicate Circle’s IPO plans – Barron’s https://t.co/W3zsQUZrxh
Circle’s USDC stablecoin may be the biggest beneficiary under new European guidelines governing digital assets that are set to take effect in July, according to crypto analytics firm Kaiko Research. https://t.co/9k58DjVw57
[BARRONS] New Documents Show SEC’s Concerns About Crypto Company Circle Aiming for IPO
New Documents Show SEC’s Concerns About Crypto Company Aiming for IPO https://t.co/CUuB0uO6Tw
Stablecoin issuer Circle is ramping up hiring ahead of potential IPO. https://t.co/fFVeGNej3B