In back-to-back hearings in the U.S. Senate and the House of Representatives, executives from Circle detailed for lawmakers how digital assets – and the infrastructure they’re built on – are a source of national economic competitiveness.
Circle Co-founder, Chairman and CEO Jeremy Allaire and Circle’s Chief Strategy Officer and Head of Global Policy, Dante Disparte answered an array of questions from a bipartisan group of lawmakers about digital assets, dollar digital currencies, decentralized finance (DeFi), and more.
Below are key highlights from the hearings. You can read Mr. Allaire’s written testimony here and Mr. Disparte’s written testimony here.
Dollar Digital Currencies Can Help the U.S. Dollar Remain the Reserve Currency of the World
Dollar Digital Currencies Like USDC Lower Costs
The U.S. is Winning the Digital Currency Space Race Because of Dollar Digital Currencies
USDC is Becoming More Embedded in Payment Networks
Digital Assets Democratize Access to Financial Markets
Too Many People Are Left Out of the Current Financial System