Circle co-founder and CEO Jeremy Allaire said on Twitter that he regrets not completing the SEC review within the time limit, but remains committed to becoming a public company. Jeremy Allaire said that the SEC's understanding of its industry and business is "rigorous and thorough," and that this kind of review is necessary to provide credibility, transparency and accountability to large companies in the encryption space. In addition, Jeremy Allaire shared Circle's financial situation, and Circle achieved revenue of $274 million in the third quarter, with a net profit of $43 million.