Allaire believes the US should enforce a crypto regulatory framework as soon as possible.
Jeremy Allaire – CEO of Circle Internet Financial Ltd. – argued that US investors could soon relocate due to the lack of proper regulations and the growing banking crisis.
Allaire thinks the US government should act quickly, highlighting the progress that the European Union, Singapore, and Hong Kong have achieved lately:“It’s a critical moment here in the US, and, as I like to say, it’s really a moment for Congress to step up.” The domestic authorities shut down three leading banks last month: Silvergate Capital, Signature Bank, and Silicon Valley Bank. They all served multiple cryptocurrency clients and triggered substantial losses for them.
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