On July 19, Circle CEO Jeremy Allaire stated in an interview that he believes the company will benefit more from the GENIUS Act due to its consistent compliance history.
"I believe the GENIUS Act has codified Circle's way of doing business," Jeremy Allaire said. Top institutions choose to partner with Circle precisely because of the trust earned through years of public audits and adherence to global regulatory systems.
"We believe this law will continue to accelerate our development opportunities," Jeremy Allaire said, "because we are transitioning from offshore cryptocurrency trading to legal digital US dollars and integrating them into the mainstream financial system."
Although Tether and Circle are fierce competitors who often criticize each other, the leaders of the two companies rarely appear together. The GENIUS Act signing ceremony at the White House on Friday provided a rare opportunity—with Paolo Ardoino and Jeremy Allaire both standing behind President Trump during the bill signing.
