.circle CEO jerallaire has written to Congressional leaders for financial services, calling for workable, clear U.S. legislation on stablecoins and warning of the risks to the country of their absence. By JamieCrawleyCD
Circle CEO and founder Jeremy Allaire wrote to Congressional leaders for financial services, calling for clear, workable U.S. legislation on stablecoins and warning of the risks to the country of not doing so.
Inaction in this area will"stunt America's voice" as other jurisdictions make progress with establishing comprehensive regulatory regimes for digital assets, according to Allaire. Allaire also referred to the risk to consumers in the absence of a clear way of identifying which stablecoins adhere to a bona fide regulatory regime.
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