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Circle CEO expects Trump’s executive orders to boost crypto
Jeremy Allaire, CEO of Circle, announced that he expects US President Donald Trump to issue executive orders soon to advance cryptocurrency regulations and adoption.
These orders may allow banks to trade cryptocurrencies and offer crypto-related investments to high-net-worth clients.
Circle is the issuer of USDC, which ranks as the second-largest stablecoin globally by market value.
Allaire also mentioned the Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin 121, which deters institutions from holding cryptocurrency assets. He suggested that it could be repealed through presidential action.
Recent Circle developments
| Timeline |
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14-Nov-2024 📈 Circles Global said to sell its digital telco unit
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12-Apr-2024 🚀 Circles appoints new CTO, continuing leadership shakeup
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27-Nov-2023 📺 Circles’ secret sauce for effective innovation
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08-Jul-2023 📡 Circles Life denies management reshuffle, layoffs (update)
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27-Apr-2023 🎉 Circles Life wants customers to be ‘truly rewarded’ with new program
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