BlockBeats reports that on November 6th, stablecoin issuer Circle updated its terms of service to allow the use of USDC for “legal” firearm purchases. A Circle spokesperson stated, “Circle has clarified the terms to reflect that USDC can be used for lawful firearm purchases and sales protected under the Second Amendment. We have not, and will not in the future, refuse USDC for legitimate transactions involving firearms. If your financial tools are used to oppose your Second Amendment rights, freedom cannot survive.”
This policy update was prompted by a report from the Americans for Tax Reform, which highlighted that Circle prohibits USDC transactions involving “any kind of weapon, including firearms, ammunition, knives, or explosives.” The report questioned whether private companies should decide what legal purchases consumers can make and suggested that Circle may have political biases. It also pointed out that Circle CEO Jeremy Allaire had previously donated to Congressman Jake Auchincloss (D-MA), who supports gun control legislation.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Whale Deposits 3M USDC to HyperLiquid, Increases 30x BTC Short Position to $52.89M
A whale deposited 3 million USDC to HyperLiquid, boosting its 30x leveraged Bitcoin short to 700 BTC, valued at $52.89 million. The short was opened at $75,919, with a liquidation price of $80,839.93.
GateNews9h ago
SGB Launches USDC Mint Service on Solana Network
SGB enables instant USDC minting and redemption on Solana, improving cross-border payments with real-time settlement.
Service targets institutions, removing intermediaries and supporting 24/7 liquidity and treasury management.
Expansion plans include more stablecoins and retail access, li
CryptoFrontNews14h ago
Circle quietly wires USDC into crypto’s new settlement spine
Circle's new USDC Bridge aims to turn cross‑chain transfers into a near‑invisible backend plumbing layer for on‑chain dollars, replacing fragmented bridges with a single bank‑style ledger experience operated end‑to‑end by Circle itself.
Summary
Circle has launched a native USDC Bridge, a burn‑a
Cryptonews04-18 05:03
Newly Created Wallet Deposits $1.99M USDC to Hyperliquid, Opens 5x Leveraged ASTER Long
Gate News message, April 18 — According to Onchain Lens, a newly created wallet deposited $1.99 million USDC to Hyperliquid and opened a 5x leveraged long position in ASTER.
GateNews04-18 01:31
Circle faces a class action lawsuit from Drift; USDC freeze obligations spark legal debate
Representing more than 100 members, Joshua McCollum, a Drift Protocol investor, filed a lawsuit against Circle on Wednesday in the U.S. District Court for the District of Massachusetts. The lawsuit alleges that in the April 1 theft incident involving approximately $280 million worth of Drift Protocol, Circle allowed the attacker to transfer roughly $230 million USDC to Ethereum via a cross-chain transfer protocol.
MarketWhisper04-17 02:45
