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Circle CEO: The STABLE Act Would Represent a Huge Step Backwards for Digital Currency Innovation in the United States
Summary: Circle CEO Jeremy Allaire today tweeted that the STABLE Act would represent a huge step backwards for digital currency innovation in the United States, limiting the accelerating progress of both the blockchain and fintech industry. While there is clearly a critical long-term role for the Fed to play in the development of the standards and supervision ...
Circle CEO Jeremy Allaire today tweeted that the STABLE Act would represent a huge step backwards for digital currency innovation in the United States, limiting the accelerating progress of both the blockchain and fintech industry. While there is clearly a critical long-term role for the Fed to play in the development of the standards and supervision around stablecoins, that should emerge from high levels of public-private engagement and collaboration. This collaboration should be focused around the technical and governance standards for stablecoins, which may ultimately require new forms of charters and supervision that haven't yet even been considered.
By Amy Liu
Tags: Circle,Digital Currency,Jeremy Allaire,STABLE Act
Link: Circle CEO: The STABLE Act Would Represent a Huge Step Backwards for Digital Currency Innovation in the United States [Copy]
