2 years ago
Circle, which issues the USDC stablecoin, has denied that it has received a Wells notice. That denial was recorded successful a tweet by CSO Dante Disparte connected Feb. 14.
Disparte wrote:
“Circle has not received a Wells notice.”
Unsubstantiated rumors emerged earlier contiguous suggesting that U.S. Securities and Exchange Commission had sent a Wells announcement to Circle. The serving of specified a announcement would mean that the regulator plans to statesman enforcement against the company.
Those rumors were chiefly dispersed by FOX Business newsman Eleanor Terret, whose relationship has since been removed from Twitter. Terret said:
I went with the connection of respective trusted sources connected this. I apologize for the mistake.
Another Twitter relationship operating arsenic AP_Abacus was besides tagged successful Terret’s archetypal tweet. Though AP_Abacus antecedently suggested that Circle faced regulatory enactment from the SEC based connected his ain backstage sources, it is unclear whether Terret tagged AP_Abacus to mention him arsenic a root oregon to supply further backing to his statements.
Circle’s denial does not needfully mean that the SEC volition not statesman enforcement against the steadfast — but it seems to marque that anticipation little imminent.
The rumors look to person been prompted by caller SEC enactment against Paxos, which forced the institution to halt the issuance of its Binance USD (BUSD) stablecoin.
The station Circle denies that SEC sent immoderate Wells notice appeared archetypal connected CryptoSlate.
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