Close Menu
  • Latest News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Meme Coins
  • DeFi
  • Tech
    • Blockchain
    • Security and Privacy
  • Web 3
    • Web3 News
    • Gaming
  • Legal
    • Taxes & Regulation
    • Adoption
  • Analysis
  • Learn
    • Education
    • Wallets and Exchanges
  • Tools
    • Market Overview
    • Converter
What's Hot

Former MP Calls for Crypto Tax Reform and Clear Regulations

July 26, 2025

Analyzing if VIRTUAL can recover from its 20% weekly drop

July 26, 2025

public firms holding at least 1,000 BTC grow 50% in 2025 – Fidelity

July 26, 2025
Facebook X (Twitter) Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • Disclosure
Facebook X (Twitter) Instagram
Buy Crypto NewsBuy Crypto News
  • Latest News
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. Meme Coins
    5. View All

    DOJ Considering Criminal Charges Against Dragonfly Capital Employees for Years-Old Tornado Cash Investments

    July 26, 2025

    Has Bitcoin Nosedive Begun? Here’s Why the BTC Price is Down Today & Here’s Where it May Reach!

    July 25, 2025

    Bitcoin Flashing Rare and Historically Bullish Signal, According to Analytics Firm – Here’s the Outlook

    July 25, 2025

    Roman Storm Trial: Is Coding A Crime? The Tornado Cash Court Battle Intensifies

    July 25, 2025

    Ethereum Price To Continue Rising in the Months Ahead Driven by One Catalyst, According to Bitwise CIO Matt Hougan

    July 26, 2025

    Ethereum: $160M in shorts get wiped out – Will ETH’s rally last?

    July 25, 2025

    BlackRock’s ETH ETF hits $10B milestone in record time! – Details

    July 25, 2025

    How Ethereum’s $600 mln whale exit exposed its DeFi’s hidden fragility

    July 25, 2025

    Analyzing if VIRTUAL can recover from its 20% weekly drop

    July 26, 2025

    Dogecoin Price Enters Bullish Livermore Cylinder That Could Catapult Price To $1.5

    July 26, 2025

    VINE coin’s price action explained – Elon Musk’s update and its impact

    July 25, 2025

    Bitcoin Price to Drop Below $100K? Top Analyst Warns Of Sharp Fall

    July 25, 2025

    Pepe, BMT, CAKE: Crypto Activity Heats Up

    March 18, 2025

    SHIB Burns Over Half a Billion Tokens, Price Surges Over 7%

    March 17, 2025

    DOGE Sees Massive User Growth: Active Addresses Up 400%

    March 15, 2025

    Shiba Inu (SHIB) Price Analysis: Bullish Hints, Bearish Trend

    March 15, 2025

    Former MP Calls for Crypto Tax Reform and Clear Regulations

    July 26, 2025

    Analyzing if VIRTUAL can recover from its 20% weekly drop

    July 26, 2025

    public firms holding at least 1,000 BTC grow 50% in 2025 – Fidelity

    July 26, 2025

    Spark price rebounds—but is it a dead cat bounce?

    July 26, 2025
  • DeFi

    Spark price rebounds—but is it a dead cat bounce?

    July 26, 2025

    Capital shifts to stablecoins as DeFi protocols bleed TVL

    July 25, 2025

    MDT up over 170% in the last 24 hours, will the rally continue?

    July 25, 2025

    Spark crypto price prediction – SPK rally not over yet?

    July 25, 2025

    what to expect from Ethereum’s Fusaka hard fork

    July 25, 2025
  • Tech
    1. Blockchain
    2. Security and Privacy
    3. View All

    Positive Crypto Sentiment in US Drives Hiring Demand for Blockchain Jobs

    July 26, 2025

    Brazil’s VERT Debuts Tokenized Credit Platform on XRP Ledger With $130M Issuance

    July 26, 2025

    Matrixport Flags Summer Consolidation After Crypto Week Surge

    July 25, 2025

    Crypto Market Cap Drops Over 6% as Bitcoin, ETH and XRP Enter Red — What’s Going On?

    July 25, 2025

    Active Campaign Exploits Cloud Flaws for Cryptomining

    July 24, 2025

    Accounting Firm Targeted by Malware Campaign Using New Crypter

    July 22, 2025

    Grok refuses to pick winner for Crypto Rover competition citing ZachXBT pump and dump evidence

    July 21, 2025

    XRP trading volume soars as new ATH attracts deepfake scam targeting investors

    July 18, 2025

    Former MP Calls for Crypto Tax Reform and Clear Regulations

    July 26, 2025

    Analyzing if VIRTUAL can recover from its 20% weekly drop

    July 26, 2025

    public firms holding at least 1,000 BTC grow 50% in 2025 – Fidelity

    July 26, 2025

    Spark price rebounds—but is it a dead cat bounce?

    July 26, 2025
  • Web 3
    1. Web3 News
    2. Gaming
    3. View All

    Enterprise Asset Management Market to Nearly Double to Over USD 9 Billion by 2034, Fueled by IoT and AI Integration

    July 26, 2025

    Voxpopme Unveils “Voxpopme Signals” to Deliver Proactive, AI-Powered Consumer Insights

    July 25, 2025

    Low Hemo Lands JazzJoyandRoy.com DJ Wife In Hospital

    July 25, 2025

    Railway Management System Market to Reach USD 95.14 Billion by 2030, Driven by Demand for Digital Rail Operations and Passenger Experience – Mordor Intelligence

    July 25, 2025

    Off the Grid Skin Sale Volume Hits $30K as the Avalanche Shooter Hits OpenSea

    July 26, 2025

    Octo Gaming Teams Up with Starknet for Exclusive Rollup-Powered Game Launch

    July 25, 2025

    $NAKA’s Play‑to‑Earn Ecosystem Explained: Games, Catalysts, and Where It’s Headed

    July 25, 2025

    Axie Infinity Creator Sky Mavis Backs New BORA-Integrated Game on LINE NEXT App

    July 25, 2025

    Former MP Calls for Crypto Tax Reform and Clear Regulations

    July 26, 2025

    Analyzing if VIRTUAL can recover from its 20% weekly drop

    July 26, 2025

    public firms holding at least 1,000 BTC grow 50% in 2025 – Fidelity

    July 26, 2025

    Spark price rebounds—but is it a dead cat bounce?

    July 26, 2025
  • Legal
    1. Taxes & Regulation
    2. Adoption
    3. View All

    Former MP Calls for Crypto Tax Reform and Clear Regulations

    July 26, 2025

    Venture investor Dragonfly faces potential charges over Tornado Cash involvement

    July 26, 2025

    Senate Releases Answer to Clarity Act as It Continues Market Structure Work

    July 26, 2025

    The Trump administration’s crypto report is due today, but it may not arrive

    July 25, 2025

    public firms holding at least 1,000 BTC grow 50% in 2025 – Fidelity

    July 26, 2025

    Bitcoin’s evolving market dynamics signal end of four-year cycle predictions

    July 25, 2025

    BitMine Immersion aims to stake 5% of Ethereum’s supply as holdings exceed $2 billion

    July 25, 2025

    Strategy lifts latest preferred stock sale to $2B for more Bitcoin buys

    July 25, 2025

    Former MP Calls for Crypto Tax Reform and Clear Regulations

    July 26, 2025

    Analyzing if VIRTUAL can recover from its 20% weekly drop

    July 26, 2025

    public firms holding at least 1,000 BTC grow 50% in 2025 – Fidelity

    July 26, 2025

    Spark price rebounds—but is it a dead cat bounce?

    July 26, 2025
  • Analysis

    Two Solana (SOL)-Based Altcoins Get the Nod From Top US-Based Crypto Exchange by Trading Volume Coinbase

    July 26, 2025

    Bullish And Bearish Scenarios Explained

    July 25, 2025

    Ethereum ETFs outperform Bitcoin as institutional interest rises

    July 25, 2025

    Billionaire Mike Novogratz Says Ethereum Has a Chance To Outperform Bitcoin in Coming Months – Here’s Why

    July 25, 2025

    Top Altcoins To Buy Today As Crypto Market Cools

    July 24, 2025
  • Learn
    1. Education
    2. Wallets and Exchanges
    3. View All

    What Is Tokenization?

    July 11, 2025

    What Are Internet Capital Markets? Why Companies Are Launching Meme Coins

    June 16, 2025

    What is a Corporate Bitcoin Treasury? The Strategy Behind Companies Holding Crypto

    May 27, 2025

    What Are Tokenized Real-World Assets? Putting Physical Value On-Chain With RWAs

    May 19, 2025

    Ancient whale sells $8 billion Bitcoin via Galaxy as price dips to $115k

    July 26, 2025

    WOO X suffers $14 million breach affecting 9 users, halts withdrawals

    July 25, 2025

    FTX creditors to receive next round of payouts by Sept 30

    July 24, 2025

    North Korean hackers linked to $44M CoinDCX breach

    July 24, 2025

    Former MP Calls for Crypto Tax Reform and Clear Regulations

    July 26, 2025

    Analyzing if VIRTUAL can recover from its 20% weekly drop

    July 26, 2025

    public firms holding at least 1,000 BTC grow 50% in 2025 – Fidelity

    July 26, 2025

    Spark price rebounds—but is it a dead cat bounce?

    July 26, 2025
  • Tools
    • Market Overview
    • Converter
Buy Crypto NewsBuy Crypto News
Home»Taxes & Regulation»SEC Has Been Probing Coinbase and Circle USDC Revenue Split for Years
Taxes & Regulation

SEC Has Been Probing Coinbase and Circle USDC Revenue Split for Years

April 20, 2025No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

The Securities and Exchange Commission (SEC) has been pressuring cryptocurrency exchange Coinbase for years to be more transparent about its relationship with stablecoin issuer Circle, according to recent filings. A batch of correspondence from January to March 2025 was uploaded to the SEC, shedding light on the ongoing scrutiny.

In a January letter, the SEC’s Division of Corporation Finance requested that Coinbase clarify how its revenue from stablecoins, particularly from the distribution of USDC, is generated. The SEC also asked for details on the formula used to determine Coinbase’s share of stablecoin revenue in its future disclosures.

The SEC’s focus on Coinbase and Circle’s relationship dates back to October 2023 under former SEC Chair Gary Gensler. The regulator requested revisions to certain financial statements dating back to 2022 and sought clarification on how stablecoin revenue is recognized.

After being approached for comment, Coinbase’s Chief Legal Officer, Paul Grewal, confirmed that the SEC’s requests had been fully resolved without requiring any restatements or amendments to previous earnings statements. Grewal emphasized Coinbase’s commitment to expanding blockchain adoption, noting that the dialogue with the SEC began two years after the company went public.

While Coinbase has provided audited financial statements for years, it has been somewhat reserved about its ties to Circle, the issuer of USDC, the industry’s second-largest stablecoin by market cap. Coinbase earns revenue from assets backing USDC, which includes cash and U.S. Treasuries. In 2024, Coinbase reported earning $910 million in stablecoin revenue, a 33% increase from the previous year.

Coinbase’s goal is to surpass Tether’s USDT to become the world’s number one dollar stablecoin. An IPO filing by Circle revealed that Coinbase receives half of Circle’s residual revenue from USDC reserves, with Circle earning $1.7 billion in revenue and reserve income in 2024.

See also  Aave proposes major economic overhaul to enhance revenue and sustainability

Coinbase’s latest earnings statement provides a more detailed explanation of how it generates revenue from USDC, including the evolution of its commercial relationship with Circle. The agreement with Circle allows Coinbase to earn revenue based on the proportion of USDC in circulation on its platform.

As lawmakers in Washington, D.C., consider legislation to regulate stablecoin issuers like Circle and Tether, experts believe that a regulatory framework could pave the way for new competitors in the stablecoin market. Overall, Coinbase’s ongoing dialogue with the SEC reflects the evolving landscape of cryptocurrency regulation and the importance of transparency in the industry.

This article was edited by Stacy Elliott.

Circle Coinbase probing revenue SEC SPLIT USDC Years
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Former MP Calls for Crypto Tax Reform and Clear Regulations

July 26, 2025

Venture investor Dragonfly faces potential charges over Tornado Cash involvement

July 26, 2025

Two Solana (SOL)-Based Altcoins Get the Nod From Top US-Based Crypto Exchange by Trading Volume Coinbase

July 26, 2025

Senate Releases Answer to Clarity Act as It Continues Market Structure Work

July 26, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Sharp Bitcoin Correction Triggers $862,465,000 in Liquidations As Analyst Issues Warning on BTC Price Action

January 9, 2025

LET Mining launches a new cloud mining strategy, using XRP to start remotely and get daily income

July 14, 2025

Telos Sees Doubled Growth Following Telos X Launch with Exchange Integration

March 18, 2025
Price Chart


Explore insights on crypto, blockchain, taxes, and security. Stay informed with expert guides, tips, and the latest trends to navigate the digital asset world confidently


We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Former MP Calls for Crypto Tax Reform and Clear Regulations

July 26, 2025

Analyzing if VIRTUAL can recover from its 20% weekly drop

July 26, 2025

public firms holding at least 1,000 BTC grow 50% in 2025 – Fidelity

July 26, 2025
Get Informed

Subscribe to Updates

Get the latest creative news From BuyCryptoNews directly in your Inbox!

  • Contact
  • Privacy Policy
  • Terms & Conditions
  • Disclosure
© 2025 BuyCryptoNews - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.