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Circle Urges SEC to Treat Stablecoins as Cash in Token Fundraising

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Circle, the issuer of the USD Coin (USDC) stablecoin, has formally asked the U.S. Securities and Exchange Commission (SEC) to clarify how payment stablecoins should be treated when used in token fundraising. The request, submitted in a comment letter on October 20, responds to the SEC's proposed…

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