Circle CEO: The company has not changed its vision for going public

ChainCatcher news, according to Bloomberg, USDC issuer Circle CEO Jeremy Allaire recently stated in an interview that the company has been eager to go public for years, and this vision has not changed. He also mentioned that the company does not need to raise funds from private markets. Allaire said, "We are very committed to the path of going public, and we can become a truly interesting company in the public market."

Circle's journey to going public has been fraught with challenges. Earlier this year, Circle chose a more traditional route and secretly submitted an IPO registration draft to the U.S. SEC in January. For the nine and a half months since the IPO registration draft was submitted, Allaire has declined to comment on any interactions the company has had with the SEC or other regulatory bodies, during which time the U.S. government has conducted a massive crackdown on companies in the cryptocurrency industry.

This year, Circle has been increasing its staffing in anticipation of going public, with the hiring spree fueled by optimistic sentiment regarding regulation, as Washington lawmakers may ultimately provide some regulatory framework for the industry in the form of a stablecoin bill. Allaire stated that there is strong optimism that stablecoin legislation could be passed after the November elections, and the new regulatory measures will reassure more traditional financial participants (including banks, asset management companies, and payment companies) to enter the crypto asset ecosystem.