Circle Calls for Clear Regulations of Stablecoins, Emphasizing Transparency

Major players in the cryptocurrency industry are actively shaping U.S. stablecoin regulations as policymakers draft a framework. Circle, a prominent stablecoin issuer, has outlined its vision for equitable and consistent rules that prioritize consumer protection and prevent arbitrage. The company emphasizes the importance of full backing by cash and high-quality liquid assets for stablecoins. Their recent public comments on the GENIUS Act highlight industry demands for clear compliance guidelines and consistent oversight. While the law passed in July, implementation has been delayed due to congressional gridlock and a government shutdown.