Jeremy Allaire, co-founder and CEO of Circle announced his impending testimony to the U.S. Home Financial Companies Committee on Digital Property earlier than expected.
In his claim, Jeremy stressed that the U.S. government’s future actions might have a significant impact on how competitively priced the U.S. dollar will be in the years to come.
He stressed that the Stablecoin Act is an important piece of legislation and the first step in creating a legal framework that can have an impact far beyond the sphere of the digital asset market.
Jeremy highlighted that the US should now take the initiative in establishing global standards.
Stablecoins and blockchain networks can scale to support billions of users and trillions of dollars in assets with the right regulatory framework.
The U.S. House of Representatives Monetary Companies Committee chairman, Patrick McHenry, previously announced that a hearing titled “The Way forward for Digital Property: Offering Readability to the Digital Asset Ecosystem” will take place on June 13 at 2:00 pm Japanese Time. to continue.
