Circle Chief Strategy Officer Calls for Stablecoin Legislation

[Lemon]

Circle Chief Strategy Officer Dante Disparte said bank failures in the U.S. earlier this year led investors into "insecure, non-transparent" cryptocurrencies overseas and called on federal regulators to legislate around stablecoins, which should be valued at parity with the U.S. dollar, saying that Anyone anywhere can use crypto to counterfeit dollars, so there should be a set of rules to regulate unsecured dollar-based stablecoins on the Internet and respect the safety, soundness and monetary policies of the United States," Disparte said.