Circle CEO urges Congress to lead stablecoin regulation
Circle CEO Jeremy Allaire is set to testify before the US House Financial Services Committee today, urging lawmakers to prioritize the primacy of the US dollar and pass essential stablecoin legislation. In a June 12 blog post, Allaire unveiled his prepared remarks that he plans to present to Congress concerning the regulation of stablecoin s. My written testimony for @FinancialCmte Congressional hearing tomorrow. https://t.co/NBMbOvSZ07 — Jeremy Allaire (@jerallaire) June 12, 2023 The CEO emphasized the importance of enacting comprehensive legislation to establish a regulatory framework conducive to a vibrant and secure digital assets market. Circle CEO backs bipartisan stablecoin bill Allaire’s statements revolve around a bipartisan draft discussion bill titled “a bill to provide for the regulation of payment stablecoin s, and other purposes.” He expressed support for the proposed legislation. He mentioned that if it became law, it would enable access...