Jeremy Allaire, co-founder and CEO of stablecoin issuer Circle, says companies issuing digital tokens pegged to the dollar should be registered in the U.S.
“It shouldn’t be a free pass, right?” Allaire said in an interview with Bloomberg. “Where you can just ignore the U.S. law and go do whatever the hell you want wherever and sell into the United States.” Circle’s USDC is the second-largest dollar-backed stablecoin by market cap, lagging behind Tether’s USDT.
Crypto has featured heavily since the start of President Donald Trump’s presidency. In January he issued an executive order laying out specific actions, including one being for the nation to move forward with a more crypto-friendly regulatory framework. In February, Tennessee Senator Bill Hagerty introduced a stablecoin oversight bill that would establish a regulatory regime for U.S. dollar-backed coins.
“Whether you’re an offshore company or based in Hong Kong, if…
