Circle’s chief strategy officer, Dante Disparte, has refuted claims that the company is pursuing a US federal bank charter. He clarified that Circle aims to comply with upcoming US regulations for payment stablecoins, which may involve obtaining federal or state trust charters or other nonbank licenses. Disparte emphasized the need for prompt regulatory clarity on stablecoins. These comments follow broader discussions among cryptocurrency firms about obtaining federal banking licenses. Previous statements from Circle CEO Jeremy Allaire indicated the company was in talks with regulators regarding a bank charter. Recent legislative proposals, including the STABLE Act and the GENIUS Act, are also seeking to establish clear guidelines for stablecoin regulation in the US, reflecting a developing legal framework for the sector. As of now, Circle did not respond to further requests for comment on this topic.

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