Circle argues USDC stablecoin is not a security in response to SEC’s Binance lawsuit

Circle, the company behind the popular stablecoin USDC, has entered the legal battle between the U.S. Securities and Exchange Commission (SEC) and Binance. In a recent filing, Circle asserted that stablecoins like USDC do not constitute investment contracts and therefore should not fall under the SEC’s jurisdiction. The move comes as the SEC pursues a…