Circle CEO Jeremy Allaire printed a weblog submit on June 12 that includes testimony that he plans to current to Congress relating to draft stablecoin regulation.
These feedback pertain to the listening to scheduled for June 13 titled “The Way forward for Digital Property: Offering Readability for the Digital Asset Ecosystem.:
Allaire mentioned his ready remarks:
“The stablecoin invoice is a vital piece of laws that needs to be step one in making a regulatory framework that builds the situations for a vibrant and protected digital belongings market.”
Allaire mentioned that having the stablecoin invoice grow to be laws would enable for entry to the U.S. greenback whereas additionally making certain security and permitting for competitors.
Circle points USDC, the second-largest stablecoin by market cap.
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