The largest stablecoin in the USA of USDC Jeremy Allaire, CEO of Circle, said that Joe Biden to cryptocurrencies He called the presidential order a “turning point” and said that the US administration understands that digital coins will continue to remain in the world from now on.
“The Same Debate as in the Years When the Internet Was Born Is Now Being Replayed For Cryptocurrencies”
Allaire, co-founder and CEO of Circle, likened the US government’s recognition of the importance of cryptocurrencies to the birth of the internet in the 1990s:
“There were a lot of initiatives around internet technology in the 1990s, but there were also discussions about how this area could be regulated. And the same discussions are taking place right now.”
The US government considers that the competitive environment against the dollar is a strategic national issue, and according to Allaire, bilateral dialogues may be in a better position with the latest presidential order.
In his previous statements, Allaire said that the US is leading in the digital currency race, but he has doubts about whether it can maintain this momentum.
In his statement, Allaire said that the government’s holistic approach is exactly what the cryptocurrency world needs right now. The famous CEO stated that institutions should look at this field from “all different angles”.
“This presidential order wants federal agencies to be smarter, more educated, and to do their job, to understand this event because it matters.
What you heard in the statements of Treasury Secretary Janet Yellen and Fed Chair Powell is that digital currencies and stablecoins understand that they will definitely be a part of the financial system.”
*Not investment advice