Circle CFO Jeremy Fox-Geen to step down by year-end

Circle Internet Group announced on September 25, 2026, that Chief Financial Officer Jeremy Fox-Geen will step down by December 31, 2026, after guiding the firm through its $1.2 billion IPO in June 2025. Concurrently, co-founder P. Sean Neville resigned from the board, reducing it to seven members. Circle, the issuer of the $75 billion USDC stablecoin, is searching for a successor as stablecoin legislation progresses through Congress.

CFO departure and successor search

• ▪Circle Internet Group announced on September 25, 2026, that Chief Financial Officer Jeremy Fox-Geen will step down from his role by December 31, 2026
• ▪Circle Internet Group has engaged an executive search firm to find a successor for Chief Financial Officer Jeremy Fox-Geen

Jeremy Fox-Geen's compensation and separation terms

• ▪Circle Internet Group Chief Financial Officer Jeremy Fox-Geen will receive a conditional cash payment of $1.05 million under a separation agreement
• ▪Circle Internet Group Chief Financial Officer Jeremy Fox-Geen had a base salary of $500,000 per year and was eligible for a 2026 incentive capped at 110% of that base

Jeremy Fox-Geen's tenure and achievements

• ▪Jeremy Fox-Geen joined Circle Internet Group as Chief Financial Officer in May 2021, serving more than five years in the role
• ▪Jeremy Fox-Geen built Circle Internet Group's finance organization and guided the company through the cryptocurrency market downturn of 2022 during his tenure as Chief Financial Officer

Circle's public listing history

• ▪Circle Internet Group completed a $1.2 billion initial public offering on the New York Stock Exchange on June 5, 2025, under the ticker CRCL
• ▪Circle Internet Group's previous attempt to go public via a special purpose acquisition company merger, before its June 2025 IPO, fell apart in late 2022

Resignation of co-founder p. Sean Neville

• ▪Circle Internet Group co-founder and board director P. Sean Neville resigned from the company's board of directors on September 25, 2026, for personal reasons
• ▪The resignation of P. Sean Neville reduced the number of directors on Circle Internet Group's board from eight to seven

Circle's regulatory positioning

• ▪United States stablecoin legislation has been progressing through Congress as of September 2026
• ▪Circle Internet Group has positioned itself as the cryptocurrency industry's most regulation-friendly stablecoin issuer

Debatable claims

• ▪Jeremy Fox-Geen's $1.05 million separation package is justified
• ▪Circle's strategy of prioritizing regulatory compliance is the right path for stablecoins