Circle CEO: U.S. lawmakers are “very likely” to approve a stablecoin bill in 2024

Circle CEO Jeremy Allaire said that the United States may pass specific laws for the stablecoin industry in 2024. He pointed out that the regulatory development of the cryptocurrency industry is accelerating globally, and stablecoins in particular are still the killer application of blockchain technology around the world. The scope of use continues to expand, and the United States is more likely than before to approve stablecoin laws. In addition, Jeremy Allaire was also asked whether Circle’s listing was timed in response to the SEC’s approval of a spot Bitcoin ETF, but he said he could not comment on the matter due to regulatory restrictions.