Circle CEO Announces U.S. House of Representatives Hearing Testimony: Payment of Stablecoins Will Support the U.S. Dollar and U.S. Economic Competitiveness

Circle co-founder and CEO Jeremy Allaire submitted testimony to be delivered at a hearing on digital assets held by the U.S. House of Representatives Financial Services Committee, saying, "The measures the U.S. government takes in the next few years will have a negative impact on the competitiveness of the dollar in the decades to come. Have a significant impact. The Stablecoin Act is a critical piece of legislation and the first step in creating a regulatory framework that will have significant impact far beyond the digital asset market. Now is the time for the United States to lead in setting global rules. With With the right regulatory framework, stablecoins and blockchain networks can scale to support billions of users and trillions of dollars in payment activities." Foresight News previously reported that Patrick McHenry, chairman of the U.S. House of Representatives Financial Services Committee, announced that he will be held on June 6, EST. At 14:00 on June 13th (2:00 on June 14th, Beijing time), a hearing on the theme "The Future of Digital Assets: Providing Clarity to the Digital Asset Ecosystem" was held.