Circle Executive Calls for CLARITY Act to Complete Digital Asset Regulation

Heath Tarbert, President of Circle and former CFTC Chairman, stated at a U.S. House Financial Services Committee hearing that the GENIUS Act establishes a federal framework for payment stablecoins. He urged Congress to pass the CLARITY Act to finalize the regulatory framework for the digital asset market. Tarbert also emphasized that implementation rules should prevent regulatory arbitrage by offshore stablecoin issuers and ensure that intermediaries serving U.S. customers meet comparable regulatory standards.