Cryptocurrency company Circle has publicly denied seeking a federal bank charter in the US. The move comes amid ongoing speculation about its regulatory future in the digital asset space. While acknowledging the need for clarity and stability within the industry, Circle emphasizes compliance with upcoming regulations for payment stablecoins. This strategy minimizes potential risks as the industry navigates evolving regulatory landscapes. Circle’s Chief Strategy Officer, Dante Disparte, stated his commitment to regulatory alignment and urged Congress to swiftly pass bipartisan legislation for payment stablecoin regulation. However, initial market reactions remain muted. Cryptocurrency prices like Bitcoin and Ethereum have shown minimal movement, suggesting anticipation of clearer regulations regarding stablecoins and a lack of significant disruption to the market.