Company: CRCL
Filing Date: 2025-02-13
Form Type: DRSLTR
Source: 0000950123-25-001969
Chunk: 1

Company: Circle Internet Group, Inc.
Filing Date: 2025-02-13
Form: DRSLTR
Chunk 1
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 TO 17 C.F.R. SECTION 200.83

| Division of Corporation Finance         
 U.S. Securities and Exchange Commission |

| 3. | We note your response and revisions to prior comment 10. Please address the following points in your next 
 amendment or response letter, as applicable:                                                              |

| • |     | We note your disclosure that you removed the FT Partners lawsuit from the Supreme Court of the State of New          
 York to a federal court. Please revise to specifically name the federal court where the matter is currently pending. |

| • |     | As previously requested, please revise to provide more specific, quantitative, disclosure regarding the relief 
 sought, to the extent applicable. Refer to Item 103 of Regulation S-K.                                         |

Alternatively, please provide a more detailed analysis supporting your belief that the dispute with FT Partners is not a material pending legal proceeding as contemplated by Item 103 of Regulation S-K,as your response indicates. Response: The Company respectfully advises the Staff that in assessing the materiality of the FT Partners lawsuit, the Company reviewed Item 103 of Regulation S-K(requiring disclosure of materialpending legal proceedings), and Rule 405 of the Securities Act, which provides that a matter is material if there is a substantial likelihood that a reasonable investor would attach importance to the matter in determining whether to purchase the security registered. The Company considered the probability of loss and the anticipated amount of potential loss in light of the totality of the Company’s activities. Specifically, the Company considered factors such as the nature and substance of the claims, the procedural posture and stage of the litigation, the strength of defenses available to the Company, advice of litigation counsel, outcomes of similar cases, relevant precedents, the Company’s intent to vigorously defend itself against the lawsuit, and the possibility of settlement. Based on these factors, the Company believes that the probability that it would be found liable for damages claimed by FT Partners is low, given the early stage of the litigation and what the Company perceives as strong defenses. In addition, the Company believes the potential magnitude of damages, if the Company were found liable, is also low. Even if the court were to find the Company did not properly terminate the engagement letters and is liable to pay FT Partners fees associated with the specified capital raises, the total damages would not exceed the threshold for disclosure of material pending legal proceedings under Item 103(b) of Regulation S-K—10%of the Company’s current assets as of the date of the latest balance sheet included in the Amended Draft Registration