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Dante Disparte on Circle, Stablecoins and Silicon Valley Bank’s Lessons for Policymakers

Fintech Beat

CHAPTER

Cryptocurrency and Digital Assets - A Bird's Eye View

In most of the world, this would be known as electronic money. And here in the United States, this is effectively electronic stored value or money transmission which is today regulated by state supervisors. In that category, circle is regulated on a level playing field to companies like PayPal, Apple Pay, Stripe, and household names and how money moves. It does raise some serious policy questions about the need for federal legislation to once and for all be answered about promoting a whole of country level of regulating these types of innovations.

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