Circle co-founder and CEO Jeremy Allaire has released his upcoming testimony before the U.S. House Financial Services Committee on Digital Assets.

In his statement, Jeremy emphasized that actions taken by the U.S. government in the coming years will have a significant impact on the competitiveness of the U.S. dollar for decades to come.

He emphasized that the Stablecoin Act is an important piece of legislation and the first step in establishing a regulatory framework that will go far beyond the realm of the digital asset market and have a far-reaching impact.

Jeremy emphasized that now is the time for the United States to take the lead in setting global rules.

With the right regulatory framework, stablecoins and blockchain networks can scale to support billions of users and trillions of dollars in payments.

Earlier, Patrick McHenry, chairman of the U.S. House of Representatives Financial Services Committee, revealed that a hearing entitled “The Future of Digital Assets: Providing Clarity to the Digital Asset Ecosystem” will be held on June 13 at 2:00 pm Eastern Time. hold .

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Filed under: Bitcoin - @ June 16, 2023 1:17 am