Circle CEO Jeremy Allaire released his testimony on the company's official website on June 13, local time, at the hearing of the U.S. House of Representatives Financial Services Committee. The key points are: 1. All eyes are on the dollar, and the U.S. government Measures taken in the next few years will have a significant impact on the competitiveness of the US dollar in the following decades; 2. The Stablecoin Act is a crucial piece of legislation that should be the first step in creating a regulatory framework that is full of 3. It is time for the United States to lead the development of global rules that will determine how dollars flow around the world.