Circle Executive Asked To Join US Congressional Hearing on Stablecoin Payments

0 0

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) $ 27,007.24
ethereum
Ethereum (ETH) $ 1,887.49
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 305.86
usd-coin
USD Coin (USDC) $ 0.999549
xrp
XRP (XRP) $ 0.519139
staked-ether
Lido Staked Ether (STETH) $ 1,887.20
cardano
Cardano (ADA) $ 0.375396
dogecoin
Dogecoin (DOGE) $ 0.072016
solana
Solana (SOL) $ 21.10
matic-network
Polygon (MATIC) $ 0.901127
tron
TRON (TRX) $ 0.07641
litecoin
Litecoin (LTC) $ 94.30
polkadot
Polkadot (DOT) $ 5.24
binance-usd
Binance USD (BUSD) $ 1.00
shiba-inu
Shiba Inu (SHIB) $ 0.000009
avalanche-2
Avalanche (AVAX) $ 14.44
dai
Dai (DAI) $ 1.00
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 27,050.25
uniswap
Uniswap (UNI) $ 5.05
leo-token
LEO Token (LEO) $ 3.59
chainlink
Chainlink (LINK) $ 6.39
cosmos
Cosmos Hub (ATOM) $ 10.58
okb
OKB (OKB) $ 46.13
monero
Monero (XMR) $ 145.88
the-open-network
Toncoin (TON) $ 1.73
ethereum-classic
Ethereum Classic (ETC) $ 18.03
stellar
Stellar (XLM) $ 0.091917
bitcoin-cash
Bitcoin Cash (BCH) $ 114.08
filecoin
Filecoin (FIL) $ 4.91
internet-computer
Internet Computer (ICP) $ 4.78
true-usd
TrueUSD (TUSD) $ 1.00
lido-dao
Lido DAO (LDO) $ 2.30
aptos
Aptos (APT) $ 9.01
quant-network
Quant (QNT) $ 118.77
hedera-hashgraph
Hedera (HBAR) $ 0.050554
arbitrum
Arbitrum (ARB) $ 1.24
crypto-com-chain
Cronos (CRO) $ 0.05934
near
NEAR Protocol (NEAR) $ 1.60
vechain
VeChain (VET) $ 0.019882
the-graph
The Graph (GRT) $ 0.131174
apecoin
ApeCoin (APE) $ 3.11
algorand
Algorand (ALGO) $ 0.151108
the-sandbox
The Sandbox (SAND) $ 0.561455
paxos-standard
Pax Dollar (USDP) $ 0.999705
frax
Frax (FRAX) $ 0.997565
edgecoin-2
Edgecoin (EDGT) $ 1.00
eos
EOS (EOS) $ 0.902057
elrond-erd-2
MultiversX (EGLD) $ 37.63
rocket-pool
Rocket Pool (RPL) $ 49.29
render-token
Render (RNDR) $ 2.60
optimism
Optimism (OP) $ 1.44
aave
Aave (AAVE) $ 63.90
fantom
Fantom (FTM) $ 0.319948
decentraland
Decentraland (MANA) $ 0.482859
theta-token
Theta Network (THETA) $ 0.854785
blockstack
Stacks (STX) $ 0.613021
tezos
Tezos (XTZ) $ 0.904932
rocket-pool-eth
Rocket Pool ETH (RETH) $ 2,027.52
axie-infinity
Axie Infinity (AXS) $ 7.04
immutable-x
ImmutableX (IMX) $ 0.767723
flow
Flow (FLOW) $ 0.731231
havven
Synthetix Network (SNX) $ 2.37
usdd
USDD (USDD) $ 0.999548
neo
NEO (NEO) $ 10.34
bitdao
BitDAO (BIT) $ 0.499849
gala
GALA (GALA) $ 0.030078
kucoin-shares
KuCoin (KCS) $ 7.37
whitebit
WhiteBIT Token (WBT) $ 4.89
radix
Radix (XRD) $ 0.068381
curve-dao-token
Curve DAO (CRV) $ 0.847953
bitget-token
Bitget Token (BGB) $ 0.465928
injective-protocol
Injective (INJ) $ 7.94
bitcoin-sv
Bitcoin SV (BSV) $ 32.60
gatechain-token
Gate (GT) $ 4.35
conflux-token
Conflux (CFX) $ 0.286666
maker
Maker (MKR) $ 664.90
klay-token
Klaytn (KLAY) $ 0.185797
gemini-dollar
Gemini Dollar (GUSD) $ 1.00
bittorrent
BitTorrent (BTT) $ 0.00000058465665
kava
Kava (KAVA) $ 1.00
iota
IOTA (MIOTA) $ 0.198056
chiliz
Chiliz (CHZ) $ 0.101837
pepe
Pepe (PEPE) $ 0.000001
casper-network
Casper Network (CSPR) $ 0.047001
pax-gold
PAX Gold (PAXG) $ 1,970.57
tokenize-xchange
Tokenize Xchange (TKX) $ 6.35
sui
Sui (SUI) $ 0.948349
terra-luna
Terra Luna Classic (LUNC) $ 0.000085
xdce-crowd-sale
XDC Network (XDC) $ 0.036183
compound-ether
cETH (CETH) $ 37.97
mina-protocol
Mina Protocol (MINA) $ 0.540542
gmx
GMX (GMX) $ 55.36
tether-gold
Tether Gold (XAUT) $ 1,963.26
huobi-token
Huobi (HT) $ 2.96
ecash
eCash (XEC) $ 0.000025
dash
Dash (DASH) $ 42.33
frax-share
Frax Share (FXS) $ 6.61
trust-wallet-token
Trust Wallet (TWT) $ 1.07
frax-ether
Frax Ether (FRXETH) $ 1,886.69