Circle Chief Strategy Officer: Stablecoin regulations should be unified rather than fragmented

Dante Disparte, Circle's global policy director and chief strategist, said in an interview that stablecoin regulations should be unified rather than fragmented. Disparte explained, "This is not to say that these countries have made mistakes or done anything wrong. The lack of action by the US policy is actually the reason for the gap, while other countries are legislating to fill this gap. So this is a trend we should expect: as more and more countries set up barriers and formulate rules that favor local advantages, the industry will become Balkanized." In addition, Paolo Ardoino, CEO of Tether, said in an interview that the company could claim that US legal agencies have no jurisdiction over it, but that would be foolish. He said that Tether actually voluntarily cooperates with US authorities such as the FBI and DOJ, as well as about 40 law enforcement agencies globally. "I think the Treasury Department should work with stablecoins in a proactive way," Ardoino said. "We have tools like Chainalysis to track anything that happens in the secondary market. By the way, there is no legal requirement for stablecoin issuers to be responsible for the secondary market. But I think we have a supervisory responsibility." (CoinDesk)