Circle submitted public comments on the SEC's proposed Regulation Crypto Assets, supporting technology-neutral rules for onchain capital formation and GENIUS-compliant payment stablecoins for consideration and settlement. The firm also backs cash treatment for qualifying stablecoins, arguing stablecoins can become the cash leg of the tokenized economy. Separately, Circle announced it will attend Devcon 8 on November 5–6, where attendees can try Arc Studio, a tool that generates smart contracts and tests from an app description for review and export. The company noted USDC originated on Ethereum.

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Thread · 1 event
  1. First reportCircle urges SEC to treat compliant stablecoins as cash and eliminate broker discount2 acc.
  2. Leviathan published this article

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Cited posts

  • @wublockchain12 吴说区块链On X ↗

    吴说获悉，Circle 于 10 月 20 日向 SEC 提交评论信，就其拟议的《加密资产监管》发表意见。该提案旨在为部分加密资产发行及投资合约建立专门框架。Circle 支持提案通过明确规则促进创新并维护美国资本市场优势，强调技术中立，并建议与《GENIUS 法案》保持一致。信中请求 SEC 明确 GENIUS…

  • @TheMoonShow The Moon ShowFirst reportOn X ↗

    JUST IN: Circle is pushing the SEC for clearer stablecoin regulations. The company wants GENIUS Act-compliant stablecoins treated as cash and the 2% broker discount eliminated under appropriate safeguards.

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Positioning · CRCL

Open98 open positions · 94 long · 4 short

Tracked accounts lean long about 97% of the time, so a long-heavy book is normal, not a signal. As of 29 Oct 15:15 UTC.

Reaction since the first post

Since 28 Oct 14:33 UTC1 calls opened · 1 long · 0 short

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Crowding3rd percentile · vs last 28 days, 50 typical
Pulse 24h71/100 · unusualness of new calls, 0–100, 50 typical, higher means more long than usual
Book92.6% long · 2,921 accounts

As of 29 Oct 21:10 UTC.

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