Circle CEO: The company will gain more returns from the GENIUS Act and continue to accelerate development.

On July 19, Circle CEO Jeremy Allaire stated in an interview that he believes the company will reap more benefits from the GENIUS Act due to its consistent compliance history. "I believe the GENIUS Act has written Circle's business approach into law," Jeremy Allaire said. Top institutions choose to partner with Circle precisely because the company has earned trust through years of commitment to public audits and adherence to global regulatory frameworks. "We believe this law will continue to accelerate our growth opportunities," Jeremy Allaire said, "because we are transitioning from offshore crypto assets trading to legitimate digital dollar currency and integrating it into the mainstream financial system." Although Tether and Circle are fierce competitors who often criticize each other, the leaders of both companies hardly ever appear in the same venue. The signing ceremony of the GENIUS Act at the White House on Friday provided this rare opportunity — as President Trump signed the bill, Paolo Ardoino and Jeremy Allaire both stood behind Trump.