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Circle Faces Criminal Contempt as USDC Recovery Order Sparks Legal Fight

2026-07-09 15:55:28

Story Highlights* Wisconsin prosecutors charged Circle with criminal contempt over a USDC recovery dispute.

Circle says it can freeze wallets but cannot burn or reissue tokens held in self-custodial wallets.
The case could redefine how courts interact with stablecoin issuers and blockchain technology.

CRCL-1.74%

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