Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Circle CEO: The company is currently in good financial condition and does not need to seek funds, and is continuing to seek listing

Circle CEO: The company is currently in good financial condition and does not need to seek funds, and is continuing to seek listing

CointimeCointime2024/10/27 08:33
By:Cointime

On October 27th, Circle Internet Financial Ltd. CEO Jeremy Allaire stated in an interview that the company has long desired to go public and this vision has not changed. The company does not need to raise funds from the private market and continues to seek to go public.

Allaire said, "We are very committed to the path to going public and we can become a truly interesting company on the public market."

After the failed attempt to merge with blank check company Concord Acquisition Corp. in 2022, Circle's path to going public has been rocky. Earlier this year, Circle chose a more traditional route and secretly submitted an IPO registration draft to the US SEC in January.

For the nine and a half months since submitting the IPO registration draft, Allaire has refused to comment on the company's dealings with the SEC or other regulatory agencies. During this time, the US government has launched a massive crackdown on companies in the cryptocurrency industry. Although the process of waiting for IPO approval has been delayed for a long time, Allaire said the company does not need to raise more funds.

"Our financial situation is good, we can establish a very stable business, and we are not currently seeking any funding," Allaire said.

According to reports in June, the company has been strengthening its personnel configuration this year in preparation for going public. The recruitment boom has also been driven by optimistic sentiment related to regulatory oversight, namely that Washington lawmakers may ultimately provide some regulatory framework for the industry in the form of a stablecoin bill.

Congress Hill is reviewing several cryptocurrency-related bills, and Allaire said people are strongly optimistic that stablecoin legislation may even be passed during the lame-duck session after the November election.

He added that new regulatory measures will allow more traditional financial participants (including banks, asset management companies, and payment companies) to confidently enter the digital asset ecosystem, "they will only work with regulated infrastructure, and we are ready for this." 

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Cathie Wood to lead El Salvador’s AI education program

Share link:In this post: Cathie Wood will give an introductory lecture to El Salvador’s CUBO AI program. El Salvador is rapidly emerging as a regional tech hub, drawing top industry leaders and foreign investment in both AI and crypto. The country’s new AI law promotes open-source development, aiming to attract researchers, developers, and businesses seeking regulatory clarity.

Cryptopolitan2025/03/24 13:11

Unwavering Bitcoin Holders Stay Put: What this Means for BTC’s Future

Exploring the Impact: The Standoff Between Long-Term Bitcoin Holders and Short-Term Sellers

Coineagle2025/03/24 11:11
Unwavering Bitcoin Holders Stay Put: What this Means for BTC’s Future

Bitcoin Gains as Ethereum ETFs Lose $760M: What’s Causing the Investor Alarm?

Exploring the Shift in Investor Sentiment and Strategies Amid Surging Bitcoin Popularity and Ethereum ETFs Divestment

Coineagle2025/03/24 11:11
Bitcoin Gains as Ethereum ETFs Lose $760M: What’s Causing the Investor Alarm?