Circle CEO Jeremy Allaire on government regulation of stablecoins

For a very long time, we really believed that uh we needed a regulatory framework for these new digital dollars that we could build a model for fully reserved, not fractionally reserved, fully reserved dollar digital currencies. And we believe that the right way to do that was through the federal government, through federal law, and with a federal charter. Uh there are a lot of steps along the way.We had to build a regulated digital dollar. We needed to see the Genius Act passed into law which now stipulate ...