Crypto Is About To Get “REAL” According To Circle’s CEO

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The Goldman Sachs funded Circle CEO, Jeremy Allaire, says the crypto space needs to get ready because “shit is about to get real.” We quote in full:

“The rise of crypto has brought policy and regulatory issues to the forefront and are going to become massively important very quickly. The departing administration and the incoming Democratic forces are both eager to leave their mark.

The stakes are very high for society and the economy; the far-left wants to paint crypto as an anti-big tech and consumer protection issue, the far-right wants to paint crypto as a national security threat; the libertarians and moderates see the human economic potential.

Big banks want to limit it, tech entrepreneurs and silicon valley want to foster the innovation and disruption it heralds for the world.

Nearly all of these groups don’t have a full understanding of each other, and in that fact lies a huge risk of poorly considered policy and regulatory choices.

Biden promises to govern from the middle, focus on rebuilding infrastructure, strengthening America’s role in the world.

In the next 4 years, it’s THE time for decisive action on embracing public blockchains and crypto as the future of our economy. The advocates of an open internet, open access and free and fair competition, even with massive uncertainty of the scale and use-cases, led to breakthrough legislation – The Telecommunications Act of 1996.

Net Neutrality was born, open protocols, open source software, and the decentralized internet was allowed to grow and flourish in America and globally. Those of us who joined crypto because we believe that it could do for the economic system what the early internet did for information and communications need to be ready, because the s*** is about to get real.

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