Holpop News

USDC’s stablocoin issuer, Circle, has accused the U.S. Securities and Exchange Commission (SEC) of failing a $9 billion SPAC deal with Concord Acquisition Corp. As a result of that deal, the firm would have gone public.
Financial Times sources said the deal was derailed not because of market volatility, but because the SEC did not sign off on the approval at the right time.
“There was an awful lot of waiting time for approval and questions from the SEC because of regulatory confusion,” the company said.
Circle intends to apply again, sources said.