Circle is under investigation by the U.S. Securities and Exchange Commission again
The company said, “we are cooperating fully” with the investigation, but declined to provide details
05.10.2021 - 08:50
581
1 min
0
What's new? The issuer of stablecoin USDC, company Circle Financial, said that its work is under investigation by the U.S. Securities and Exchange Commission (SEC). In July 2021, Circle received a subpoena for an investigation from the SEC's Enforcement Division requesting documents and information about the company's assets, customer programs and operations.
Materials on Circle from the SEC website
“We are cooperating fully with their investigation,” Circle’s statement said.
The statement does not specify what the focus of the SEC's ongoing investigation is. Circle Financial does not give additional comments to the press.
What are the reasons for the SEC's claims? The subpoena came a month after Circle began attracting USDC corporate holders to its first high-yield product, Circle Yield. It was offered to American corporations as a “well-regulated” way to receive cryptocurrencies. In the product description, Circle placed special emphasis on Bermuda licenses.
This is not the first conflict of the company with the SEC. In August, Circle announced that it had agreed to pay the Commission more than $10 million in fines for violations in the work of its subsidiary crypto exchange Poloniex.
Useful material?
Telegram 
Twitter Technologies
Network fees will be integrated into the cost of swaps
Nov 22, 2024
Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Cryptocurrency rates
-
Bitcoin
$99 315
BTC
+1.18%
-
Ethereum
$3 295.8
ETH
-1.78%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.45
XRP
+23.04%
-
Dogecoin
$0.401846
DOGE
+3.85%
-
Cardano
$0.982565
ADA
+24.09%
-
Stellar XLM
$0.344271
XLM
+41.1%
-
Bitcoin Cash
$490.97
BCH
+1.2%
-
Polkadot
$6.4
DOT
+9.24%
-
Litecoin
$90.88
LTC
+2.54%