Circle Says Stablecoin Issuers Should Be US Registered

Jeremy Allaire, the co-founder of stablecoin issuer Circle Internet Financial, is making the case that the issuers of the dollar-based cryptocurrencies that underpin much of the trading in digital-assets markets should be registered in the United States.

Stablecoins have leapt to the forefront of the crypto market’s attention as of late with legislation governing the use of tokens among the first measures expected to be considered during the second Trump administration. Senator Bill Hagerty, a Republican from Tennessee, introduced legislation earlier this month to create a framework for stablecoins. President Donald Trump has vowed to make the US the crypto capital of the world.