Circle Executive Asked To Join US Congressional Hearing on Stablecoin Payments

0 7

knife

The chief strategy officer of US Dollar Coin (USDC) stablecoin issuer Circle is expected to testify during an upcoming US congressional hearing on stablecoin payments.

According to a congressional memo, Circle’s Dante Disparte is scheduled to testify at Wednesday’s Committee on Financial Services hearing titled “Understanding Stablecoins’ Role in Payments and the Need for Legislation.”

The committee hearing will focus on various types of stablecoins and explore the possibility of regulations, including a draft bill that proposes the qualifications and requirements for a payment stablecoin issuer in the US.

Others who are expected to testify include Adrienne Harris, Superintendent of the New York State Department of Financial Services; Austin Campbell, adjunct assistant professor of business at the Columbia Business School; and Jake Chervinsky, chief policy officer of The Blockchain Association.

Circle CEO Jeremy Allaire recently weighed in on the draft bill, saying it has potentially extraordinary implications.

“It’s an extraordinary moment for the future of the dollar in the world, and the future of currency on the internet; There is clearly the need for deep, bi-partisan support for laws that ensure that digital dollars on the internet are safely issued, backed and operated…

Currency competition is heating up, and the playing field in this digital currency space race is moving extremely fast. It’s time for US leadership, and that means clear regulation and empowering entrepreneurship and innovation within the framework of US prudential law…

While comprehensive, there are clearly open and challenging issues with the bill as proposed, and now is the time for our country and political leaders to really dig in and get this right. The role of the dollar in the world is at stake.”

Earlier this year, Disparte said that the widespread adoption of crypto technology is inevitable.

“Arguably, just as boards and executive teams reluctantly owned their cybersecurity and digital transformation mandates, the embrace of crypto technology is equally inevitable, even if the term feels like a bad word. For all its faults, this technology remains a protagonist in the global financial world.”

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox



Check Price Action



Follow us on Twitter, Facebook and Telegram



Surf The Daily Hodl Mix


Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post Circle Executive Asked To Join US Congressional Hearing on Stablecoin Payments appeared first on The Daily Hodl.

Leave A Reply

Your email address will not be published.

bitcoin
Bitcoin (BTC) $ 42,234.32
ethereum
Ethereum (ETH) $ 2,244.29
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 243.34
xrp
XRP (XRP) $ 0.624886
solana
Solana (SOL) $ 69.02
usd-coin
USDC (USDC) $ 1.00
staked-ether
Lido Staked Ether (STETH) $ 2,245.45
cardano
Cardano (ADA) $ 0.550951
dogecoin
Dogecoin (DOGE) $ 0.098273
avalanche-2
Avalanche (AVAX) $ 36.16
tron
TRON (TRX) $ 0.105577
polkadot
Polkadot (DOT) $ 6.76
chainlink
Chainlink (LINK) $ 14.97
matic-network
Polygon (MATIC) $ 0.864252
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 42,213.31
shiba-inu
Shiba Inu (SHIB) $ 0.00001
litecoin
Litecoin (LTC) $ 73.33
dai
Dai (DAI) $ 1.00
uniswap
Uniswap (UNI) $ 6.26
bitcoin-cash
Bitcoin Cash (BCH) $ 234.71
stellar
Stellar (XLM) $ 0.126158
leo-token
LEO Token (LEO) $ 3.83
okb
OKB (OKB) $ 59.00
monero
Monero (XMR) $ 173.61
cosmos
Cosmos Hub (ATOM) $ 10.01
ethereum-classic
Ethereum Classic (ETC) $ 20.24
kaspa
Kaspa (KAS) $ 0.121996
crypto-com-chain
Cronos (CRO) $ 0.101769
true-usd
TrueUSD (TUSD) $ 0.996797
immutable-x
Immutable (IMX) $ 2.01
internet-computer
Internet Computer (ICP) $ 5.35
hedera-hashgraph
Hedera (HBAR) $ 0.07154
near
NEAR Protocol (NEAR) $ 2.34
filecoin
Filecoin (FIL) $ 4.70
aptos
Aptos (APT) $ 7.89
optimism
Optimism (OP) $ 2.32
lido-dao
Lido DAO (LDO) $ 2.31
vechain
VeChain (VET) $ 0.027876
injective-protocol
Injective (INJ) $ 22.79
bittensor
Bittensor (TAO) $ 321.22
mantle
Mantle (MNT) $ 0.594021
thorchain
THORChain (RUNE) $ 5.91
elrond-erd-2
MultiversX (EGLD) $ 65.73
quant-network
Quant (QNT) $ 112.03
algorand
Algorand (ALGO) $ 0.189033
havven
Synthetix Network (SNX) $ 4.62
the-graph
The Graph (GRT) $ 0.162041
binance-usd
BUSD (BUSD) $ 1.00
celestia
Celestia (TIA) $ 10.06
render-token
Render (RNDR) $ 3.87
arbitrum
Arbitrum (ARB) $ 1.11
aave
Aave (AAVE) $ 91.07
rocket-pool-eth
Rocket Pool ETH (RETH) $ 2,455.77
bittorrent
BitTorrent (BTT) $ 0.000001
blockstack
Stacks (STX) $ 0.911176
maker
Maker (MKR) $ 1,356.24
wemix-token
WEMIX (WEMIX) $ 3.56
flow
Flow (FLOW) $ 0.777969
the-sandbox
The Sandbox (SAND) $ 0.513899
first-digital-usd
First Digital USD (FDUSD) $ 0.999205
theta-token
Theta Network (THETA) $ 1.06
terra-luna
Terra Luna Classic (LUNC) $ 0.000181
fantom
Fantom (FTM) $ 0.370517
ordinals
ORDI (ORDI) $ 47.96
axie-infinity
Axie Infinity (AXS) $ 7.27
bitcoin-sv
Bitcoin SV (BSV) $ 49.12
kucoin-shares
KuCoin (KCS) $ 9.95
gala
GALA (GALA) $ 0.031881
decentraland
Decentraland (MANA) $ 0.496664
eos
EOS (EOS) $ 0.779766
neo
NEO (NEO) $ 11.98
beam-2
Beam (BEAM) $ 0.018019
mina-protocol
Mina Protocol (MINA) $ 0.817771
iota
IOTA (IOTA) $ 0.27204
whitebit
WhiteBIT Coin (WBT) $ 5.69
klay-token
Klaytn (KLAY) $ 0.245539
tezos
Tezos (XTZ) $ 0.888966
kava
Kava (KAVA) $ 0.77586
bonk
Bonk (BONK) $ 0.000012
usdd
USDD (USDD) $ 0.985136
ecash
eCash (XEC) $ 0.000036
frax-share
Frax Share (FXS) $ 9.35
bitget-token
Bitget Token (BGB) $ 0.49505
helium
Helium (HNT) $ 4.71
sui
Sui (SUI) $ 0.651906
xdce-crowd-sale
XDC Network (XDC) $ 0.048432
frax-ether
Frax Ether (FRXETH) $ 2,242.05
cheelee
Cheelee (CHEEL) $ 12.48
curve-dao-token
Curve DAO (CRV) $ 0.70073
tokenize-xchange
Tokenize Xchange (TKX) $ 8.27
chiliz
Chiliz (CHZ) $ 0.08599
frax
Frax (FRAX) $ 0.999054
pancakeswap-token
PancakeSwap (CAKE) $ 2.47
conflux-token
Conflux (CFX) $ 0.176951
pyth-network
Pyth Network (PYTH) $ 0.419098
illuvium
Illuvium (ILV) $ 101.65
gatechain-token
Gate (GT) $ 4.57
the-open-network
Toncoin (TON) $ 2.19
pepe
Pepe (PEPE) $ 0.000001