Circle’s Jeremy Allaire testifies before the Senate Banking Committee on behalf of the Blockchain Association

  • Digital currencies will proliferate and become usable by billions of people through their mobile devices.
  • Payments and value transfer will be commoditized and become a free service on the internet.
  • A new set of internet-based global capital markets built on digital assets will emerge, opening up capital markets for businesses and investors everywhere, scaling from today’s thousands of companies to a world where every person and business can directly access a global capital market with the same ease that they access e-commerce marketplaces.
  • Economic and trade relationships will increasingly be running on blockchains, providing a commerce environment with greater security, efficiency, transparency, and enforceability.
  • And new, decentralized forms of digital identity will become available allowing for much safer use of digital services, which will radically improve privacy while more effectively thwarting financial crimes.

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