Cases & Deals

  • Home
  • Practices
  • Circle argues that standalone sales of payment stablecoins are not securities in amicus brief

Share

Circle argues that standalone sales of payment stablecoins are not securities in amicus brief

June 2023

Client(s) Circle Internet Financial, LLC

Jones Day filed an amicus brief on behalf of Circle Internet Financial LLC, in the SEC's lawsuit against the crypto asset exchange Binance. The brief argues that standalone sales of payment stablecoins, like Circle's USDC, are not securities. The court dismissed the portion of the SEC's lawsuit that alleged that sales of Binance's stablecoin were securities transactions.

Securities and Exchange Commission v. Binance Holdings Limited, No. 1:23-cv-01599 (D.D.C.)

Contacts

Before sending, please note:

Information on www.jonesday.com is for general use and is not legal advice. The mailing of this email is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Anything that you send to anyone at our Firm will not be confidential or privileged unless we have agreed to represent you. If you send this email, you confirm that you have read and understand this notice.