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SEC Subpoenas USDC Stablecoin Issuer Circle

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Circle is under investigation by the SEC, as the firm reveals it was issued a subpoena by the regulatory body in July 2021.

The United States Securities and Exchange Commission has subpoenaed USD Coin (USDC) issuer Circle, according to a filing on the SEC website. This is different from the investigation relating to Circle after the SEC issued a $10 million fine for the lack of registration of its subsidiary Poloniex. Circle first received the notice from the SEC in July 2021, but the firm only revealed it this month.

Circle under the microscope

Circle has already commented on the matter, saying that it will fully cooperate with the SEC. The firm will have to provide “documents........

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