Circle CEO Evaluates Biden Era

Circle CEO Evaluates Biden Era Circle CEO evaluates the Biden era. Jeremy Allaire, CEO of cryptocurrency firm Circle, said he believes that the elected US president Joe Biden will support Bitcoin, altcoin and blockchain technology in the long run by taking over the leadership.   Biden Management Can Support Crypto Technology Speaking to CNBC, CEO Jeremy Allaire compared the Biden administration's long-term cryptocurrencies and Blockchain technology with the early days of the internet. Jeremy Allaire stated the following in his statement on the subject: “I think they will eventually be supportive, because it's an infrastructure change as big as the first commercial internet. So they will focus on infrastructure changes that make America more competitive, and this will certainly be a fundamental building block in this. "   "Bitcoin and Altcoins Ready to Be an Important Part of America's Growth" Circle CEO stated in his new analysis that the risks are quite high and cryptocurrencies are ready to play an important role in the growth of the American economy if legislators and regulators understand it correctly. CEO Allaire continued as follows: "Biden promises to manage well, to focus on rebuilding the infrastructure, to strengthen America's role in the world. In the next four years, it's time for decisive action in adopting public blockchains and cryptocurrencies as the future of our economy. The similarities with 1996 are key ... at most congresses and current regulators thought that someone had to obtain a FCC license to own a website. Hawks tried to ban free encryption technology (crypto) as military technology Open access to a global network was met with hysterics At that time monopolistic media, communications and technology firms (ATT, Timewarner, Microsoft) opposed the open internet by trying to maintain and build their centralized platform. Advocates of the open internet, open access, and free and fair competition, even with great uncertainty of scale and use cases, led to groundbreaking legislation: the 1996 telecommunications law. born, open protocols, open source written The m and decentralized internet were allowed to grow and develop in the United States and globally. The big monopolistic players have seen their business models deteriorate, and we've seen a 100-fold improvement in how the world works in many dimensions. As we believe that the Internet can do for the economic system what it does for information and communication, we who participate in the crypto market must be ready for the business to become reality. We have a lot of chances to make bitcoin, altcoin and blockchain technology a fundamental part of America's growth strategy over the next decade. "