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Circle CEO Comments on White House Encryption Executive Decree: This is a Watershed Moment for Encryption, Digital Assets and Web 3

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Digital assets represent one of the most important technologies and infrastructures of the 21st century, which has become the consensus of more and more people.

Original author: Jeremy Allaire

Original compilation: 0x9F, Rhythm BlockBeats

< p>This article is based on the opinions of Jeremy Allaire, CEO of Circle, the USDC issuer, on his personal social media platform, which is compiled and translated by BlockBeats as follows:

This is a watershed moment for encryption, digital assets and Web 3, similar to the 1996/1997 whole-of-government awakening to commercial Internet awareness.

America appears to be embracing the reality that digital assets represent one of the most important technologies and infrastructures of the 21st century . After so many of us have been arguing about this for over 9 years, it's nice that the White House is finally seeing this too.

Specifically, the White House’s encryption executive order calls on almost all relevant federal agencies to understand and develop policies to understand and respond to risks , and more importantly, to support innovation and the competitiveness of the US national economy.

We are at an inflection point in geopolitics, geoeconomics, and history, and the United States is now poised to move toward an open, Internet-native economic infrastructure tilt, while other countries focus on closed, tightly controlled and privacy-invasive alternatives.

In many cases, crypto executive decrees present initiatives around the Explore and propose constructive solutions to known risks, including privacy, security, financial inclusion, and the global competitiveness of the U.S. dollar.

While there is mention of continued research on CBDCs, the crypto executive decree appropriately focuses on digital assets and stablecoins quickly growth, and doing it right so that these technologies can thrive in a responsible manner

For us crypto practitioners In general, this encryption executive order should be seen as a rare opportunity to communicate with policymakers on important issues. The door is wide open for policymakers, and crypto executive orders are now sparking national debate in the United States.