Stablecoin Issuer Circle Blames SEC for Derailing $9B Plans to Go Public
Circle’s plans to go public last year via a $9 billion SPAC merger failed due to inaction by the United States Securities and Exchange Commission, the crypto firm alleges. The deal between Circle and Concord Acquisition, a special-purpose acquisition corporation set up by former Barclays CEO Bob Diamond, was abandoned last month amid turbulent markets after the collapse of the crypto exchange FTX. Circle is the issuer of the second-largest stablecoin, USDC, which currently has a market capitalization of $43.7 billion, per CoinGecko. According to reporting from The Financial Times, Circle now claims the primary ... (full story)
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tweet at 11:29am: BOC'S GOV. MACKLEM: THE LIKELIHOOD OF A WAGE-PRICE SPIRAL HAS DECREASED. tweet at 11:32am: BOC'S GOV. MACKLEM: IT WILL NOT FEEL GOOD IF THE ECONOMY STALLS, BUT WE NEED THIS PERIOD OF NO GROWTH. tweet at 11:34am: BOC'S GOV. MACKLEM: THERE MAY BE A MILD RECESSION, BUT IT WILL NOT BE A CONTRATCION.
tweet at 11:16am: BOC'S GOV. MACKLEM: IF INFLATION FALLS, IT WILL BE PROOF THAT BOC HAS DONE ENOUGH. tweet at 11:15am: BOC'S GOV. MACKLEM: WHEN ASKED WHAT HE WOULD NEED TO SEE TO RAISE INTEREST RATES AGAIN, HE SAYS HE WOULD LOOK FOR AN ACCUMULATION OF EVIDENCE. tweet at 11:17am: BOC'S GOV. MACKLEM: SERVICE INFLATION WILL TAKE LONGER TO DECLINE. tweet at 11:17am: Boc's gov. macklem: service inflation will take longer to decline. tweet at 11:20am: BOCíS MACKLEM: IT IS ĎFAR TOO EARLY TO TALK ABOUT RATE CUTí; INFLATION STILL 6% VS. 2% TARGET #interestrates #inflation #Canada #economy
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tweet at 12:59pm: @dogeofficialceo Thank you, Sir Doge! tweet at 11:35am: I for one think @elonmusk is hilarious https://t.co/hsCLhO5ULZ
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