Circle has filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). The company's Chief Strategy Officer, Dante Disparte, has publicly endorsed the STABLE Act, which is set for markup in the House. This endorsement comes as the House Financial Services Committee prepares for a vote on the legislation aimed at regulating stablecoins. Blockchain Association CEO Kristin Smith also issued a statement ahead of the committee vote, reflecting the industry's interest in the proposed regulations. During the markup session, Committee Chair Bryan Steil expressed concerns about the implications of requiring stringent financial regulations, such as FinCEN and KYC requirements, on individual users of self-hosted wallets. The House Financial Services Committee, which includes members such as French Hill and Bryan Steil, is crucial in determining the future of the STABLE Act, which seeks to enhance transparency and accountability in the stablecoin sector.