Circle CEO Jeremy Allaire posted on the company’s official website that he will testify at the hearing of the U.S. House of Representatives Financial Services Committee on June 13, local time.
The key takeaway: All eyes will be on the dollar, and what the U.S. government does in the coming years will have a big impact on the dollar’s competitiveness in the decades that follow. The Stablecoin Act is a crucial piece of legislation that should be the first step in creating a regulatory framework that creates the conditions for a vibrant and safe digital asset market. Now is the time for the United States to lead in setting the global rules that will determine how dollars move around the world.
Earlier news, the Financial Services Committee of the U.S. House of Representatives will hold a hearing titled “The Future of Digital Assets: Providing Clarity for the Digital Asset Ecosystem”.