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Circle CEO: Company Will Reap More Benefits from the <i>GENIUS Act</i>, Continuing to Accelerate Growth
BlockBeats News, July 19th, Circle CEO Jeremy Allaire stated in an interview that he believes the company will receive more benefits from the GENIUS Act due to its consistent compliance history.
“I think the GENIUS Act has codified Circle's approach into law,” Jeremy Allaire said. Top institutions choose to partner with Circle precisely because of the trust the company has earned over the years through its commitment to public audits and compliance with the global regulatory framework.
“We believe this legislation will continue to accelerate our growth opportunities,” Jeremy Allaire said, “as we are shifting from offshore cryptocurrency trading to legitimate digital dollar currency and integrating it into the mainstream financial system.”
Although Tether and Circle are fierce competitors who often criticize each other, the leaders of the two companies rarely appear together. The GENIUS Act signing ceremony held at the White House on Friday provided a rare opportunity—both Paolo Ardoino and Jeremy Allaire stood behind President Trump as he signed the bill.
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