• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Jeremy Allaire Criticizes SEC Rules as Barrier for Crypto Industry

Jeremy Allaire Criticizes SEC Rules as Barrier for Crypto Industry

user avatar

by Giorgi Kostiuk

6 months ago


Circle CEO Jeremy Allaire expressed concerns over new SEC rules hindering banks and financial institutions from engaging with cryptocurrencies.

Allaire’s Commentary on Current Rules

Circle CEO Jeremy Allaire claims a U.S. SEC rule makes it difficult for banks and corporations to hold crypto assets, and calls for its removal.

Impact of Rules on Banks and Crypto

The rule, known as Accounting Bulletin 121, increases the costs for banks when accounting for cryptocurrencies as liabilities, which increases capital requirements, as well as increases accounting and auditing costs. This makes working with cryptocurrencies more expensive and difficult.

Expectations for Regulatory Changes

Allaire hopes that President Trump, a known crypto supporter, will act to repeal the rule. However, despite expectations of imminent executive orders to reduce crypto regulation, their exact timing remains unclear.

Circle and other industry representatives are optimistic about regulatory changes that would facilitate banking interaction with digital assets and support broader integration.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Trump Threatens Tariffs on Russia, Bitcoin Drops in Price

chest

Bitcoin drops below $120,000 following Trump's tariff threats on Russia. Geopolitical events impact crypto markets.

user avatarGiorgi Kostiuk

James Wynn Opens New Positions in Bitcoin and Memecoins

chest

After significant liquidations, James Wynn is once again investing in Bitcoin and memecoins with large sums.

user avatarGiorgi Kostiuk

Ruvi AI: A New Player in the Crypto Market with 13,900% Growth Potential

chest

Ruvi AI offers unique blockchain and AI-based solutions that may surpass Dogecoin in growth.

user avatarGiorgi Kostiuk

Roman Storm's Trial: Accusations of Links to Hackers and Money Laundering

chest

Roman Storm, co-founder of Tornado Cash, is on trial for money laundering involving North Korean hackers.

user avatarGiorgi Kostiuk

Satoshi-era Whale Transfers $4.6 Billion in Bitcoin

chest

A Bitcoin whale has transferred over $4.6 billion worth of Bitcoin after 14 years of dormancy, attracting market attention and analysts.

user avatarGiorgi Kostiuk

Fidelity Invests in Metaplanet: Details Revealed

chest

Fidelity has become the largest shareholder of the Japanese company Metaplanet, owning 12.9% of shares, highlighting the growing interest in crypto assets.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.