Circle And Others Continue Seeking Regulation In US Digital Asset Hearing

Key Points:

• Circle CEO, founder of Ava Labs, and others will attend the US House of Representatives Digital Asset Hearings.
• The latest SEC enforcement actions against listed company Coinbase have not stopped Circle or other companies from continuing to seek listings.
• The hearing is scheduled for next Tuesday, June 13th entitled: “The Future of Digital Assets: Providing Clarity for the Digital Asset Ecosystem”.

Circle CEO, founder of Ava Labs, and others will attend the US House of Representatives Digital Asset Hearings to develop their plans in defiance of enforcement actions by the SEC.

Circle CEO Jeremy Allaire, Steptoe & Johnson law firm partner Coy Garrison, Ava Labs founder and CEO Emin Gün Sirer, and NFA News president and CEO Thomas Sexton III will attend a session hearing on digital assets before the US House of Representatives Financial Services Committee next Tuesday.

The latest SEC action against publicly traded companies Coinbase and Binance has not prevented crypto payments technology company Circle or others from continuing its quest for public listing.

The hearing is scheduled for next Tuesday, June 13th, entitled: “The Future of Digital Assets: Providing Clarity for the Digital Asset Ecosystem”. Circle executives said earlier this year that going public remains an important part of the company’s strategy.

“We are not prepared to put a specific deadline on the decision, but we will be taking steps to continue the journey to go public as soon as practicable,”

A Circle told Blockworks.

Additionally, Circle posted a job vacancy for a corporate advisor two weeks ago, stating that the position will assist in the potential listing process and establish its policies, practices, and procedures public company. Cryptocurrency exchange Kraken also hinted at continuing its public search in a recent job posting for senior corporate and securities advisor positions.

A spokesman said on Friday that Galaxy Digital’s plan to go public by becoming a company founded by Delaware and then listing on Nasdaq – reiterated in March – also remains. The company’s latest revised registration was submitted to the SEC in February and is currently under review. However, an industry executive said most companies considering listing shares could face difficulties in the current environment.

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