Circle Says Stablecoins Like USDC Don't Fall Under the SEC's Jurisdiction

Sep 29, 2023

Circle, the company behind USDC, has entered the SEC's case against Binance, arguing that stablecoins designed for payments do not fall within the SEC's jurisdiction as they do not have the features of an investment contract. Circle also stated that users of stablecoins do not expect any profit from holding them.

This article is for informational purposes only. It is not offered or intended to be used as investment or other advice.

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