Leadership TV

Legislative Initiatives May Prove Beneficial for Blockchain: Circle CEO

While discussing his congressional testimony on the regulation of blockchain technology, Circle co-founder, chairman, and CEO Jeremy Allaire explains that increased global awareness of this asset class, significant internet companies in the market are grabbing a lot more attention of regulators, policymakers, and lawmakers. He notes, “ I think we are seeing building interest in legislative initiatives that can better define in digital tokens or digital assets. The Token Taxonomy act has been put forward in the house. Hopefully, we will see that also sponsored in the Senate. The increasing proliferation of digital asset projects outside the US, the movement of companies to leave the US and projects to get started outside the US is definitely getting peoples attention. This is going to lead to ultimate legislative initiatives much needed to allow the technology and industry to flourish.”

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