Circle Advocates for SEC Clarity on Stablecoin Regulation Amid USDC Growth
Circle calls for SEC to adopt technology-neutral crypto rules while USDC adoption strengthens its stablecoin strategy.
Circle calls for SEC to adopt technology-neutral crypto rules while USDC adoption strengthens its stablecoin strategy. USDC (USDC) is trading at $0.9996. This is an original TLT brief synthesising 2 outlets (TronWeekly, Crypto.news), plus live market data, as of Fri, 30 Oct 2026 20:15:02 UTC.
The push for clearer SEC rules on stablecoins could shape the regulatory landscape for digital assets and impact the integration of stablecoins into mainstream financial systems.
- Circle urges SEC to recognize payment stablecoins as cash in crypto fundraising rules.
- USDC circulating supply stands at $71.8B, highlighting its growing adoption.
- Circle proposes reducing broker-dealer capital haircut for stablecoins to zero.
- USDC and EURC usage is expanding across Kraken's trading and DeFi services.
Both TronWeekly and Crypto.news report that Circle is advocating for the SEC to adopt technology-neutral rules for crypto-asset offerings and payment stablecoins, including USDC's treatment under the GENIUS Act. They agree that Circle has proposed reducing the broker-dealer capital haircut for stablecoins from 2% to zero. However, TronWeekly emphasizes the expansion of USDC and EURC across Kraken's services, while Crypto.news focuses on the specifics of Circle's October 28 blog outlining their comment letter to the SEC.
- Circle Plans USDC Expansion into 40 Emerging Markets Amid Stablecoin Demand Surge
- USDC Leads Stablecoin Market with AI Payments Growth and Stable Supply
- Circle CEO Advocates for Digital Dollars Amid AI Growth, Despite Bitcoin Slump
- Circle Mints $500M USDC on Solana Amid Growing Stablecoin Demand
- Circle Reports Growth in USDC and EURC Usage on Kraken Exchange
- USDC Surges to 56% Dominance in Euro Stablecoin Trading Amid EU Regulation
- Circle Advocates for SEC Clarity on Stablecoin Regulation Amid USDC Growth — this brief
Circle has called on the U.S. Securities and Exchange Commission (SEC) to implement clearer, technology-neutral rules for crypto-asset offerings and payment stablecoins, including the treatment of 
USDC under the GENIUS Act. This regulatory push comes as USDC's adoption continues to grow, with its circulating supply now at $71.8 billion, according to DeFiLlama.
In a blog post dated October 28, Circle outlined their comment letter to the SEC, advocating for the recognition of qualifying payment stablecoins as cash in the proposed crypto fundraising rules. They have also proposed reducing the broker-dealer capital haircut for stablecoins from 2% to zero, which could significantly impact the regulatory capital requirements for entities dealing with stablecoins.
The call for regulatory clarity from Circle is corroborated by multiple outlets, including TronWeekly and Crypto.news. These outlets highlight the growing role of stablecoins in the digital financial infrastructure, with USDC and 
EURC usage expanding across Kraken's trading, funding, and DeFi services.
The total crypto market cap currently stands at $2.65 trillion, with 
Bitcoin experiencing a 24-hour decline of 5.13%, reflecting the broader market downturn. The Fear & Greed Index is at 30, indicating a state of 'Fear' among investors. Despite the market conditions, USDC's price remains stable at $0.999667, with a slight 24-hour increase of 0.02%.
The stablecoin strategy of Circle, as evidenced by the growth of USDC and EURC, underscores the increasing importance of these digital assets in the financial ecosystem. The outcome of Circle's advocacy for regulatory clarity could have far-reaching implications for the integration of stablecoins into mainstream financial systems and the overall regulatory landscape for digital assets.
Since this brief published about 2 hours ago, USDC (USDC) has moved from $0.9997 to $0.9996 — -0.01%.
The chart plots USDC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 USDC ≈ ₦1,376.21 (about $0.9996), up 0.0% over 24 hours. The naira itself trades about 2.3% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 30, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Circle Advocates for SEC Clarity on Stablecoin Regulation Am — questions & answers
What is Circle's main request to the SEC?
Circle is asking the SEC to adopt technology-neutral rules for crypto-asset offerings and payment stablecoins, including USDC's treatment under the GENIUS Act.
How much is USDC's circulating supply?
USDC's circulating supply is $71.8 billion, according to DeFiLlama.
What proposal has Circle made regarding capital requirements for stablecoins?
Circle has proposed reducing the broker-dealer capital haircut for stablecoins from 2% to zero.
How much is 1 USDC worth in naira today?
About ₦1,376.21 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $0.9996. The naira price moves with both USDC's US-dollar price and the USDT/NGN rate; use our USDC in naira page for any amount.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from TronWeekly, Crypto.news, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.