Circle CEO announces testimony for House hearing: Payment stablecoins will support the dollar and the competitiveness of the U.S. economy

ChainCatcher news, Circle co-founder and CEO Jeremy Allaire submitted testimony to be presented at the upcoming digital asset hearing before the U.S. House Financial Services Committee: "The actions taken by the U.S. government in the coming years will have a significant impact on the dollar's competitiveness for decades to come. The stablecoin legislation is a critical piece of legislation and the first step in creating a regulatory framework, which will also have significant effects far beyond the digital asset market. Now is the time for the U.S. to 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 payment activity." (source link)