“Circle Urges SEC to Align Crypto-Asset Proposal with Payment-Stablecoin Rules” — what this page in the network covers. Circle has submitted a comment letter to the U.S. Securities and Exchange Commission (SEC), requesting that the agency clarify how qualifying payment stablecoins should be treated under its proposed crypto-asset rules. The company, a major issuer of USD Coin (USDC), argues that the SEC’s current pro
The company, a major issuer of USD Coin (USDC), argues that the SEC’s current proposal conflicts with existing and forthcoming payment-stablecoin regulations, and seeks alignment to avoid regulatory overlap. Circle’s request focuses on whether stablecoins that meet certain criteria—such as being fully backed by cash and cash equivalents—should be excluded from the SEC’s expanded definition of a security. This clarification matters because stablecoins are increasingly used for payments and remittances, and inconsistent treatment could stifle innovation or push activity offshore. For the complete material, the listing points back to the source inside the network.