Circle CEO Jeremy Allaire reaffirmed the company’s long-standing commitment to going public, stating that this vision remains unchanged despite market fluctuations and regulatory scrutiny. In a recent interview with Bloomberg, Allaire emphasized Circle’s readiness for the public market, asserting that the company doesn’t require further private funding. “We are very committed to the road to listing,” Allaire stated, “and we can become a really interesting company in the public market.”
Circle’s journey towards an initial public offering (IPO) has been marked by both progress and setbacks. Earlier this year, the company confidentially submitted a draft registration statement to the U.S. Securities and Exchange Commission (SEC) in January, opting for a traditional IPO path. Allaire declined to comment on any interactions with the SEC or other regulatory bodies since the filing, a period coinciding with increased regulatory pressure on the cryptocurrency industry.
Despite the regulatory landscape, Circle has continued to expand its workforce this year in anticipation of a public listing. This hiring spree is also fueled by optimism surrounding potential regulatory clarity for the industry, particularly regarding stablecoins. Allaire expressed confidence that stablecoin legislation could be passed after the November elections. He believes such legislation would encourage traditional financial institutions, including banks, asset management firms, and payment companies, to engage more actively with the crypto ecosystem. “They will only work with regulated infrastructure,” Allaire noted, “and we are ready for it.”
