Circle CEO expects imminent US executive orders to widen crypto

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Circle CEO expects imminent US executive orders to widen crypto

//business-finance.news-articles.net/content/202 .. mminent-us-executive-orders-to-widen-crypto.html

Published in Business and Finance on Monday, January 20th 2025 at 6:40 GMT by Reuters
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Circle CEO Jeremy Allaire expects U.S. executive orders "imminently" from incoming President Donald Trump, which he said could allow banks to trade crypto, offer crypto investments to wealthy clients and hold it in portfolios.

- Click to Lock Slider

Circle CEO Jeremy Allaire anticipates that the U.S. will issue executive orders in 2025 to broaden the scope of cryptocurrency usage, aiming to enhance the country's competitiveness in the global financial landscape. Speaking at the World Economic Forum in Davos, Allaire highlighted the potential for these orders to address regulatory clarity, which he believes is crucial for the growth of the crypto sector. He emphasized the need for the U.S. to keep pace with international developments in digital currencies, particularly in light of actions by countries like China and the European Union. Allaire also discussed the importance of stablecoins and central bank digital currencies (CBDCs) in modernizing financial systems, suggesting that these innovations could lead to more efficient, inclusive, and secure financial transactions.

Read the Full Reuters Article at:
[ https://www.reuters.com/technology/circle-ceo-expects-imminent-us-executive-orders-widen-crypto-2025-01-20/ ]