Circle CEO Jeremy Allaire anticipates concrete crypto regulations around stablecoins in 2024 as the government takes a greater interest in the industry.
Circle has recently filed a confidential S-1 registration with the U.S. SEC, revealing its ambitions to list publicly.
Circle CEO Jeremy Allaire has in an interview with CNBC shared his prediction on regulations around stablecoins. The CEO revealed that there is a “very good chance” U.S. lawmakers approve a stablecoin bill in 2024.
Speaking at the World Economic Forum in Davos, Switzerland, the CEO explained that governments around the world were taking an interest in crypto industry regulations. The U.S. in particular is showing a desire to introduce and approve laws for the stablecoin industry. Allaire noted;
I think what you’re seeing is a desire from the administration, a desire from the Treasury, from the [Federal Reserve], by both chambers of Congress, and certainly on a bipartisan basis,
The CEO went on to explain that gov
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