Clarity Act Could Still Become Law, Says Circle's Allaire

Watch on YouTube ↗  |  September 16, 2026 at 15:19  |  4:37  |  Bloomberg Markets
Speakers
Jeremy Allaire — CEO, Circle

Summary

Circle CEO Jeremy Allaire discusses why he believes the Clarity Act could still become law despite a failed Senate cloture vote. He highlights the Genius Act's January implementation, the large addressable market for stablecoins, Circle's National Trust bank and new ARC blockchain, and an irreversible digital-asset/DeFi megatrend. Allaire argues Circle can scale its stablecoin business regardless of the Clarity Act.

  • Clarity Act failed a Senate cloture vote but Allaire says the legislation is not dead.
  • Genius Act goes into effect in January, making USDC-like digital dollars legal electronic money.
  • Allaire sizes the addressable market for non-interest-bearing cash and demand deposits at about $60 trillion.
  • Circle plans to scale USDC through Circle National Trust and its new ARC blockchain.
  • Allaire says Circle does not need the Clarity Act to grow its core stablecoin business.
  • He views DeFi and digital-asset adoption as an irreversible, accelerating megatrend.
Ideas
Jeremy Allaire CEO, Circle 1:01
Digital dollars will drive massive stablecoin adoption.
Allaire argues the Genius Act creates settled federal law effective January that makes digital dollars like USDC legal electronic money for banks, capital markets, payments firms, and corporations. He sizes the existing addressable market for non-interest-bearing cash and demand deposits at about $60 trillion and expects transactional volume, money velocity, and utility of digital dollars to grow exponentially as safe, full-reserve digital cash substitutes for other electronic money.
STABLECOINS USDC HIGH
Jeremy Allaire CEO, Circle 3:01
Circle can scale stablecoins without Clarity Act.
Allaire says Circle does not need the Clarity Act to scale its core business because it already has the stablecoin law it needs in the Genius Act. Circle National Trust is a key part of USDC infrastructure and will position Circle to provide digital dollars and services to financial companies and corporations globally.
CRCL HIGH
Jeremy Allaire CEO, Circle 3:52
DeFi adoption is an irreversible megatrend.
He says a failed Clarity Act cloture vote does not kill the bill, citing the Genius Act's failed cloture before passage and broad bipartisan/industry interest. Regardless of timing, he expects regulatory agencies to deepen rules and says DeFi/digital-asset technology is an irreversible, accelerating megatrend that will broaden financial-market participation and reshape the financial system.
DEFI HIGH
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This Bloomberg Markets video, published September 16, 2026, features Jeremy Allaire discussing STABLECOINS, USDC, CRCL, DEFI. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Jeremy Allaire  · Tickers: STABLECOINS, USDC, CRCL, DEFI