According to BlockBeats, Circle CEO Jeremy Allaire expressed optimism about the company's prospects under the GENIUS Act, citing its consistent compliance history. Allaire stated that the legislation aligns with Circle's operational practices, which have earned trust from leading institutions due to its commitment to transparent audits and adherence to global regulatory standards.
Allaire believes the GENIUS Act will enhance Circle's growth opportunities as it transitions from offshore cryptocurrency trading to legitimate digital dollar currency, integrating into the mainstream financial system.
Despite the rivalry between Tether and Circle, their leaders rarely appear together. However, the signing ceremony for the GENIUS Act at the White House provided a unique occasion where U.S. President Donald Trump signed the act with Paolo Ardoino and Jeremy Allaire standing behind him.
