HomeFinance NewsFinanceCryptocurrency Revolution: US poised to embrace Stablecoin Era - Get ready for...

Cryptocurrency Revolution: US poised to embrace Stablecoin Era – Get ready for a New Financial Dawn!


‘Very good chance’ that U.S. passes stablecoin laws this year, Circle CEO says


Jeremy Allaire, CEO of Circle, a company involved in stablecoins, believes 2024 could be the year when the U.S. government enacts regulations for stablecoins.

Stablecoins are a $135.3 billion market, yet they remain largely unregulated.

Allaire expressed optimism that U.S. lawmakers might pass a stablecoin bill due to bipartisan support and a desire for consumer protection.

Allaire pointed to the Clarity for Payment Stablecoins Act, which aims to bring stablecoins under regulations similar to those governing traditional financial services companies.

This act is currently under consideration in the House of Representatives.

He also mentioned Circle’s recent filing with the U.S. Securities and Exchange Commission, indicating the company’s intention to go public.

Furthermore, Dante Disparte, Circle’s chief strategy officer, shared his belief that stablecoin regulation is likely to happen early in the year due to increasing bipartisan support.

Disparte emphasized the importance of addressing illicit activities associated with specific cryptocurrencies by implementing stablecoin laws.

He believes that stablecoins offer a legitimate use case for everyday purchases and trade compared to more volatile cryptocurrencies.

Overall, there is a sense of anticipation in the crypto industry that 2024 might witness significant developments in the regulatory landscape for stablecoins, driven by the efforts of industry leaders and a growing recognition of the need for regulation.

  • Overall sentiment: positive
  • Positive

    “Jeremy Allaire, Circle’s boss and co-founder, hopes that things will change this year, stating that there is a “very good chance” U.S. lawmakers approve a stablecoin bill.”

    “Dante Disparte, Circle’s chief strategy officer and global head of public policy, echoed Allaire’s view that 2024 would be the year that the U.S. sees rules for stablecoins coming in.”


    “Stablecoins, which allow traders to move in and out of crypto, are a $135.3 billion market — but they are for the most part unregulated.”

    “Disparte suggested that concerns around illicit usage of some cryptocurrencies could spur U.S. lawmakers on to bring stablecoin laws into place, as stablecoins provide more of a legitimate use case for everyday purchases and trade compred to their more volatile neighbors in crypto, which have been associated heavily with criminal activity.”

latest articles

explore more