Current Version of Stablecoin Bill Won’t Get Signed into Law: Circle CEO

• Jeremy Allaire  stated that he doesn’t think that the stablecoin bill that came out of the Financial Services Committee will be the version that gets signed into law.
• Allaire believes that there are several key issues that are important to the Fed that haven’t been resolved.
• The Circle CEO is, however, sure that the regulations for stablecoins will come into effect shortly.

Jeremy Allaire, the co-founder and CEO of USD issuer Circle, stated that he doesn’t think that the Congressional stablecoin bill that came out of the Financial Services Committee will be the version that gets signed into law. Allaire was speaking on crypto journalist Laura Shin’s podcast “Unchained.”

.@Circle’s @jerallaire doesn’t think the Congressional bill that came out of committee will be the version that gets signed into law, but says there’s still a lot to like about it.

Full episode: https://t.co/j2DOCOyyz5 pic.twitter.com/E8CMWHqLc5

— Laura Shin (@laurashin) September 12, 2023

“I think the bill accomplishes a lot,” said Allaire, explaining that he had no doubt that stablecoin regulation would come into effect soon enough. However, Allaire added that the cur…

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