Jeremy Allaire: “2024 is the right time to pass a law to regulate stablecoins”

In an interview with CNBC at the annual meeting of the World Economic Forum in Davos, Switzerland, Jeremy Allaire noted that stablecoins pegged to the US dollar are emerging around the world. Many governments began regulating stablecoins before the United States, so if the U.S. intends to maintain its leadership position in the payments space, it will make sure consumers are protected correctly, Allaire said.

“Following the approval of spot Bitcoin exchange-traded funds, changes in the regulation of cryptocurrencies should follow. 2024 is the right time,” said the head of Circle.

#Tether #DAI