Company: CRCL
Filing Date: 2025-08-04
Form Type: DRS
Source: 0000950123-25-006942
Chunk: 235

Company: Circle Internet Group, Inc.
Filing Date: 2025-08-04
Form: DRS
Chunk 235
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 proactively identify and mitigate financial crime risks, providing a robust and dynamic framework designed to manage risk effectively.

Looking toward the future, we are also at the forefront of advocacy for sound financial regulation. We have proactively and collaboratively worked with U.S.
governmental authorities and regulators, including the Federal Reserve, the Treasury Department (including its relevant bureaus and agencies such as the OCC, FinCEN, and OFAC), the CFTC, and the SEC. We routinely engage with U.S. federal, state, and
international policymakers and relevant supra-national bodies in proposals for the comprehensive regulation of stablecoins and other aspects of the digital assets ecosystem. In the future, as various jurisdictions increasingly recognize the value of
stablecoins, we envision many of these regulatory regimes will be revised to impose more tailored, fit-for-purpose requirements on stablecoin issuers that align with the unique benefits and risks that such digital assets pose. Indeed, Circle already
voluntarily imposes on itself and satisfies many of the requirements contemplated by pending draft legislation and proposed regulation. We therefore believe that Circle is well positioned to benefit from greater regulatory clarity in the United
States and beyond.

Principal U.S. federal and state regulatory regimes

The laws and regulations to which we are or may be subject are rapidly evolving and increasing in scope. Most significantly, on July 18, 2025, President
Trump signed into law the Guiding and Establishing National

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CONFIDENTIAL TREATMENT REQUESTED BY CIRCLE INTERNET GROUP, INC. PURSUANT TO 17 C.F.R. § 200.83 Innovation for U.S. Stablecoins Act of 2025 (the GENIUS Act). The GENIUS Act takes effect on the earlier of January 18, 2027 and 120 days after the primary federal payment stablecoin regulators issue any final regulations implementing the GENIUS Act. The GENIUS Act The GENIUS Act provides for the first comprehensive federal regulation of payment stablecoins in the United States. Under the GENIUS Act, a “payment stablecoin” is a digital asset:

| • |     | that is, or is designed to be, used as a means of payment or settlement; |

| • |     | the issuer of which— |

| • |     | is obligated to convert, redeem, or repurchase for a fixed amount of monetary value, not including a digital 
 asset denominated in a fixed amount of monetary value; and                                                   |

| • |     | represents