CEO Circle, Jeremy Allaire, emphasized the importance of stablecoin regulations that align with U.S. law. According to Allaire, companies offering U.S. dollar-backed stablecoins in the U.S. must comply with the same regulations as other financial businesses, without exceptions.
“Allaire stated that regardless of a company's location, if they want to operate in the U.S., they must adhere to applicable regulations,” he said.
This statement comes amid debates over regulatory approaches to stablecoins, as some foreign-based companies continue to operate in the U.S. market without full compliance with domestic regulations. Allaire stressed that strict regulations would help protect consumers and maintain the integrity of the financial system.
This approach also aligns with the U.S. government's efforts to establish regulatory clarity in the digital asset sector. With the growing adoption of stablecoins, consistent regulations are seen as crucial to preventing systemic risks and ensuring market confidence.
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