USDC Circle CEO Jeremy allaire crypto market news
Also Read: Binance US To Remove Hundreds Of Trading Pairs; Halts OTC Trading advertisement Meanwhile, US lawmakers are pushing for clear stance on which crypto currencies to categorize as securities versus commodities through a draft proposal. Overall, the Crypto Market ecosystem in the United States looks to be a negative environment until there are clear laws. USDC To Have Competitive Advantage? As has been seen in the back to back lawsuits against Binance and Coinbase, it is argued that US regulators like the Securities and Exchanges Commission (SEC) is biased against non-US based crypto businesses. Hence, it has long been speculated that USDC would be favored by the U.S. government over the top stablecoin Tether (USDT). Also, Allaire maintained that Circle’s compliance of financial regulations will eventually give USDC an advantage over its rivals. Speaking about the stablecoin bill recently proposed in the U.S. House of Representatives, t...