Circle CEO Calls for Stablecoin Issuers to Register in US

Jeremy Allaire, co-founder and CEO of Circle, emphasized that companies issuing digital tokens pegged to the US dollar should be registered in the United States. In an interview with Bloomberg, Allaire asserted,

“It shouldn’t be a free pass, right? Where you can just ignore US law and go do whatever the hell you want wherever, and sell into the United States.”

Currently, Circle’s USDC is the second-largest dollar-backed stablecoin by market capitalization, following Tether’s USDT.

Since the start of President Donald Trump’s presidency, cryptocurrency has been a prominent focus. In January, Trump issued an executive order outlining specific actions for the country, including promoting a more crypto-friendly regulatory framework.