in ,

Jeremy Allaire on Why the US Government Needs a New Category for Digital Assets

Jeremy Allaire on Why the US Government Needs a New Category for Digital Assets

Jeremy Allaire, cofounder and CEO of Circle, explains why the company has opened a new subsidiary in Bermuda, obtained a full Digital Assets Business Act license there and how it plans to create separate offerings for the US market vs. non-US. He discusses why Circle chose Bermuda out of the many jurisdictions that have created crypto-friendly regulations, why Circle believes the SEC’s April guidance on digital assets expanded the scope on which digital assets are securities and why regulators should have a new definition for digital assets rather than putting them into existing categories like commodity, security, currency, etc. We cover how much of Poloniex’s struggles have to do with restrictive regulations in the US vs. poor business choices on the exchange’s part, and why some other US-based crypto exchanges are not having the same struggles. He also reveals what it is that he’ll be telling the Senate next week when he testifies in a hearing on regulation for digital assets and blockchain technology.

Thank you to our sponsors!



Episode links:



Jeremy Allaire:

New Bermuda entity and license:

BTC trade volume:


Next week’s Senate hearing on crypto legislation:

The Bermuda rig:

What do you think?


Leave a Reply
  1. Incredible! This blog looks just like my old one! It’s on a entirely different topic but
    it has pretty much the same page layout and design. Superb choice of colors!

  2. I beloved as much as you’ll obtain performed right here. The caricature is tasteful, your authored subject matter stylish. nevertheless, you command get bought an impatience over that you wish be handing over the following. in poor health indubitably come more until now once more as precisely the similar nearly a lot frequently within case you defend this increase.

  3. Hey There. I discovered your blog the use of msn. That is an extremely
    smartly written article. I will be sure to bookmark it and
    return to learn extra of your useful information. Thank you
    for the post. I’ll certainly return.

Leave a Reply

Your email address will not be published. Required fields are marked *

A Catrina figure is pushed by revellers during the annual Day of the Dead parade in Mexico City, Mexico, October 31, 2021. REUTERS/Gustavo Graf

Mexicans return to Day of the Dead celebration with a vengeance

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 21, 2021.  REUTERS/Brendan McDermid

Wall Street hits records as Tesla surges; focus on Fed meeting