Most Influential: Jeremy Allaire

Core Insights - Circle's CEO Jeremy Allaire has been instrumental in promoting the idea that dollar-backed digital money should be a fundamental part of financial infrastructure, transitioning this concept into a mainstream policy and technology agenda in 2025 [1] Regulatory Developments - Allaire emphasized the importance of regulatory compliance for stablecoins, particularly targeting Tether's USDT, advocating that companies offering dollar stablecoins in the U.S. should register similarly to Circle's USD Coin (USDC) [2] - His efforts contributed to the passage of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act), which establishes licensing and reserve standards for payment stablecoins, signed into law on July 18 [2] Strategic Initiatives - Circle submitted an application to establish a national trust bank, First National Digital Currency Bank, N.A., marking a significant step towards creating a transparent and efficient internet financial system [3] - The focus shifted to Arc, an institutional blockchain designed for regulated, dollar-denominated financial activities, which aims to enhance payment and capital-market workflows [3][4] Market Demand and Testing - There is significant demand for USDC in emerging markets, particularly in the Middle East, with over 100 companies testing Arc's public testnet ahead of its planned mainnet launch in 2026 [5]