Circle denies that its $9 billion listing plan was halted due to accusations against the U.S. SEC

ChainCatcher news, Circle denies that its $9 billion listing plan for December failed due to the U.S. Securities and Exchange Commission (SEC), and that Circle does not bear any responsibility for the SEC terminating its merger agreement. Circle co-founder and CEO Jeremy Allaire made positive comments about the SEC, noting that Circle was unable to complete the qualification certification in time but still plans to become a public company.

It is reported that Circle's listing on the New York Stock Exchange (NYSE) is related to their ability to merge with Concord. Earlier, the Financial Times reported that Circle's merger failed to complete because the SEC did not timely announce the effectiveness of the related S-4 registration, which would cause the agreement to expire on December 10. The article described Circle as "blaming" the securities regulator for the delay in approving the merger agreement, which led to its inability to go public. (Cointelegraph)