Circle denies blaming SEC for shuttered $9B plan to go public

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Circle denies blaming SEC for shuttered $9B plan to go public
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Contrary to recent reports, Circle says it 'has not and does not blame the SEC' over the termination of a merger agreement that ultimately led to the failure of its public listing plan in December.

Circle’s spokesperson however referred to previous statements made by the company in December, noting that “the deal simply termed out.”

Concord had not publicly disclosed a reason for the failed business combination, but filed an 8-K form with the SEC on Dec. 5 — the same day the deal was announced as terminated — which revealed that it was beingCourt to hear oral arguments in Grayscale’s lawsuit against the SEC in March Indeed, in a Dec, 5 tweet Circle co-founder and CEO Jeremy Allaire had nothing but positive words regarding the SEC, and noted that while it was disappointing that they were unable to complete qualification in time it was still planning on becoming a publicly-listed company.

2/ From my perspective, I believe that the SEC has been rigorous and thorough in understanding our business and many novel aspects of this industry. This kind of review is necessary to ultimately provide trust, transparency and accountability for major companies in crypto.

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