Company: CRCL
Filing Date: 2025-02-13
Form Type: DRSLTR
Source: 0000950123-25-001969
Chunk: 0

Company: Circle Internet Group, Inc.
Filing Date: 2025-02-13
Form: DRSLTR
Chunk 0
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CONFIDENTIAL TREATMENT REQUESTED BY CIRCLE INTERNET GROUP, INC. PURSUANT TO 17 C.F.R. SECTION 200.83

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February 13, 2025 U.S. Securities and Exchange Commission Division of Corporation Finance 100 F Street, N.E. Washington, D.C. 20549 Attention: Sandra Hunter Berkheimer David Lin Mark Brunhofer Michelle Miller Re: Circle Internet Group, Inc. Amendment No. 3 to Draft Registration Statement on Form S-1 CIK No. 0001876042 Ladies and Gentlemen: On behalf of our client, Circle Internet Group, Inc. (the “ Company” or “ Circle”), this letter sets forth the Company’s responses to the comments provided by the staff (the “ Staff”) of the U.S. Securities and Exchange Commission (the “ Commission”) relating to the Company’s Draft Registration Statement on Form S-1submitted on December 3, 2024 (the “ Draft Registration Statement”) contained in the Staff’s letter, dated January 14, 2025 (the “ Comment Letter”). In response to the comments set forth in the Comment Letter, the Company has revised the Draft Registration Statement and is confidentially submitting a revised Draft Registration Statement on Form S-1(the “ Amended Draft Registration Statement”) together with this response letter. The Amended Draft Registration Statement also contains certain additional updates and revisions. The Company is seeking confidential treatment for the Amended Draft Registration Statement, until publicly filed by the Company, and this letter pursuant to Rule 83 of the Commission. For the convenience of the Staff, each comment from the Comment Letter is restated in italics prior to the response to such comment. All references to page numbers and captions (other than those in the Staff’s comments) correspond to pages and captions in the Amended Draft Registration Statement. Amendment No. 3 to Draft Registration Statement on Form S-1 General

Response: The Company acknowledges the Staff’s comment.

Response: The Company has enhanced the disclosure in the Amended Draft Registration Statement as noted in the Company’s prior response letter dated August 6, 2024. Risk factors We are and may continue to be subject to litigation..., page 48

CONFIDENTIAL TREATMENT REQUESTED BY CIRCLE INTERNET GROUP, INC. PURSUANT