Circle Releases New Ad Calling for Common Sense US Stablecoin Regulation
Crypto payments company Circle has called on U.S. regulators to pass stablecoin regulations for innovation and investor protection. Efforts toward global stablecoin regulation have accelerated as the asset class gains popularity among retail and institutional investors. Demand for stablecoin regulations has increased after: The collapse of Terra In 2022 and the subsequent decline of FTX.
Circle Tips Stablecoin Regulations
In a video dated July 2, Circle explained what’s at stake in the United States and globally as the world moves toward a more digital financial ecosystem. According to Circle, there’s a path to order and chaos that can either lead to investment and progress thriving or stifling.
“Will the US set the standard for stablecoins or will we continue down the path of uncertainty? Have you ever noticed how the lines on our highways allow us to drive faster and safer? The rules of the road do not limit us, they empower us. The rules of finance also allow businesses to go faster and further. That’s why US markets are the envy of the world.”
Drawing attention to clear laws on centralized finance, the company defended the stablecoin-friendly laws that provide an advantage to the country. Describing stablecoins as the foundation of modern commerce, Circle added that they can do for finance what email did for communication. The company also noted: stablecoin laws It could help preserve the U.S. dollar as the world’s reserve currency.
A Move to Protect Investors
There have been calls for stablecoin regulation, particularly to protect investors. Market-oriented regulatory commentators cite the need to improve cross-border payments with a secure architecture. The Circle publishes: US Dollar and highlights the path to regulation.
According to the statement, the stablecoin reserves are publicly available on its website, calling on authorities to set broader rules to protect investors. The company added that the country has a big opportunity to lead finance into the next wave of the internet.
Then read on: Binance Announces Changes in Turkey in Accordance with Regulations
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David is a financial news writer with 4 years of experience in Blockchain Technology and Cryptocurrencies. He is interested in learning about emerging technologies and has a knack for keeping up with breaking news. Keeping up to date with trends, David has reported on a variety of topics including regulation, partnerships, crypto assets, stocks, NFTs, etc. Away from the financial markets, David enjoys cycling and horseback riding.
The content presented may include the author’s personal opinion and is subject to market conditions. Do your market research before investing in cryptocurrencies. Neither the author nor the publication accepts any liability for your personal financial loss.
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