Circle Urges SEC to Protect Permissionless Networks

Circle urges SEC action on permissionless institutional networks as the regulator finalizes proposed Regulation Crypto Assets. The company wants technology-neutral rules to cover networks that allow open participation while using known, permissioned validators. It says those networks can support issuing, transferring and settling covered crypto assets. Circle submitted its recommendations on Oct. 20, the company said in a Wednesday (Oct. 28) blog post. Its comments address how the Securities and Exchange Commission should treat network structures and payment stablecoins as it develops the proposal. Circle Urges SEC to Recognize Network Structures Circle said it supports a technology-neutral approach.