Circle CEO Jeremy Allaire insists that all US dollar-backed stablecoin issuers, regardless of their location, must register with US authorities to ensure consumer protection and market fairness. He argues that offshore firms targeting the US market should comply with US regulations.In related developments, US lawmakers have proposed a bill to establish a regulatory framework for stablecoins, while Tether faces increasing scrutiny and was excluded from the EU’s MiCA stablecoin list, impacting major exchanges like Kraken and Crypto.com.
about Stablecoin Issuers Urged to Register in the US Amid Regulatory ChangesFrench
0 posts last weekTom Emmer appointed vice chair of House Subcommittee on Digital Assets
Rep. Tom Emmer has been appointed vice chairman of the House Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence, following Rep. Bryan Steil’s chair appointment. Emmer, a vocal crypto advocate, aims to foster an environment for digital asset innovation while opposing strict federal regulations. His notable legislation, the CBDC Anti-Surveillance State Act, seeks to prevent the Federal Reserve from issuing a CBDC that could enable government surveillance of spending habits, emphasizing privacy and American values.
about Tom Emmer appointed vice chair of House Subcommittee on Digital AssetsBryan Steil Appointed Chair of Subcommittee on Digital Assets and Innovation
Bryan Steil has been appointed chair of the House Financial Services Committee’s Subcommittee on Digital Assets, where he will oversee regulations for digital assets and emerging technologies. He advocates for legislation that balances innovation with investor protection, supporting initiatives like FIT-21 and SAB 121 to create clear regulatory frameworks and unify digital asset policies. Steil has criticized the SEC’s current regulatory approach, arguing it hinders innovation and job growth in the U.S.
about Bryan Steil Appointed Chair of Subcommittee on Digital Assets and Innovation