Circle urges SEC to align crypto rules with GENIUS Act

Circle said it submitted comments to the U.S. Securities and Exchange Commission on October 20 on the agency’s proposed Regulation Crypto Assets, urging the commission to align the framework with the GENIUS Act and to clarify how payment stablecoins should be treated in onchain capital formation. The company said the proposal could support innovation while preserving market transparency, investor protection, liquidity and efficiency, but asked for clearer rules on permissionless networks, stablecoin use and post-launch technical services. In its comment letter, Circle backed the SEC’s stated goal of creating a tailored framework for certain crypto-asset offerings and investment contracts, while arguing that blockchain networks can complement existing market strengths through faster settlement, programmable transactions, transparent records and improved auditability.

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