Rumors circulated on Twitter that the stablecoin issuer had received a notice of litigation from the US securities regulator, but a Circle executive rejected the claim.
USD Coin (USDC) issuer Circle has denied rumors that it has received a “Wells notification” about its US dollar-pegged stablecoin.
On February 14, a since-deleted tweet from Fox Business journalist Eleanor Terrett claimed that heThe United States Securities and Exchange Commission (SEC) had ordered Circle to cease selling USDC, because the stablecoin was an unregistered security.
Dante Disparte, Circle Pay’s director of strategy and global policy officer, clarified on Twitter just 15 minutes after Terrett’s tweet that your company has not received a notice from the SEC.
.@circle You have not received a Wells notice. https://t.co/lE74zHVLka
— Dante Disparte (@ddisparte) February 14, 2023
In a follow-up tweet, Dante told Terrett that his apology is accepted, adding:
“Unfortunately, there is a lot of buzz, buzz and rumors informing the market at the moment.”
Terrett’s original tweet has since been deleted. Her Twitter account has also been deleted.
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