Circle Reverses USDC Firearm Purchase Policy

Circle now permits the use of USDC for legal firearm purchases, aligning its policy with U.S. laws. This decision reverses its previous restriction, influenced by constitutional rights advocacy and the GENIUS Act’s regulatory framework.

Circle has announced a reversal of its policy, allowing the use of its USDC stablecoin for legal firearm purchases in the United States, provided these transactions comply with existing laws.

Through this policy change, Circle recognizes evolving legal standards and industry advocacy for constitutional rights, such as the Second Amendment. USDC’s role in commerce may expand as firearm transactions are included.

Circle’s policy reversal follows significant advocacy from industry groups and financial leaders. Jeremy Allaire, Circle’s CEO, has emphasized lawful use, aligning with constitutional rights debates. The change also has backing from U.S. senators, reinforcing compliance with national laws.

The use of money should be free for lawful purposes. — Jeremy Allaire, CEO, Circle

The new policy allows USDC transactions for firearms, adhering to local laws and regulations. Advocacy groups see this as a positive move, encouraging lawful commerce and accessing services without discrimination, potentially expanding the market for USDC users.

Regulatory shifts like the GENIUS Act and President Trump’s executive order influenced this change, promoting neutral access to financial services. Circle’s action aligns with broader regulatory parameters, emphasizing compliance and lawful use in commerce.

Experts suggest this move may increase USDC transaction volumes, specifically related to firearms. It reflects a regulatory environment reassessment and alignment with legal standards, potentially shaping future financial and technological landscapes.

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