Circle CEO Shrugs Off Bitcoin's Slump and Pitches Digital Dollars for the AI Era
BTC when published $82,852Now $80,617 ▼ −2.70% since it was published
Circle CEO Jeremy Allaire waved off questions about Bitcoin (BTC) underperforming this year in a CNBC interview, saying he is focused on non-speculative digital dollars built for a future where AI software moves the money. The Office of the Comptroller of the Currency (OCC), a federal banking regulator, is finalizing rules for the GENIUS Act, the 2025 law governing dollar-pegged stablecoins. Allaire says that cements his sector’s role, while noting other crypto areas may face questions. Why Is Circle’s CEO Looking Past Bitcoin’s Price? CNBC’s Seema Mody asked why Bitcoin has lagged this year if crypto is the future. “I don’t pay much attention specifically to like these sort of specific digital commodities, how they’re trading, etc.” Allaire, CNBC He described digital dollars as tools for payments, trading, lending and…
First reported by BeInCrypto. This page is a short excerpt; the full text is theirs.
