Circle said it is “cooperating fully with the investigation,” but did not provide any details.
In thatMonday, the company reported that in July 2021year she received a “summons of inquiry” from the Securities and Exchange Commission. In this subpoena, the SEC requested access to the company's internal documents.
Circle received a summons exactly one month afterlaunching a new corporate product that allowed to generate annual income in USDC. This year, the SEC has already closed a similar product from the Coinbase exchange.
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Based on materialswww.coindesk.com
