Circle squashes rumors of deliberate SEC enforcement motion

USD Coin (USDC) issuer Circle has denied rumors that it obtained a “Wells Discover” over its United States dollar-pegged stablecoin.

On Feb. 14, a now-deleted tweet from Fox Enterprise reporter Eleanor Terrett claimed Circle had been ordered by the U.S. Securities and Trade Fee (SEC) to stop the sale of USDC — as a result of stablecoin being an unregistered safety. 

Nevertheless, the rumor was swiftly rebuffed by Dante Disparte, Chief Technique Officer and Head of World Coverage at Circle Pay on Twitter simply quarter-hour after Terrett’s tweet, noting his agency has not obtained a Wells Discover. 

In a tweet, Terrett mentioned she “went with the phrase of a number of trusted sources” and apologized for the error. 

Dante responded to Terrett that her apology is accepted, including:

“Alas, there’s a number of churn, swirl and rumors informing the market proper now.”

The unique tweet from Terrett has since been deleted. Her account on Twitter was quickly deleted however has since returned.