Circle President to Congress: Protect the U.S. Dollar's Lead

Circle President Heath Tarbert is scheduled to testify before the U.S. House Financial Services Committee on the importance of maintaining American leadership as financial infrastructure increasingly shifts to software-based systems. Drawing on his prior roles at the Commodity Futures Trading Commission and Treasury Department, Tarbert argues that the U.S. dollar’s global reserve position, which has declined from more than 70% in the late 1990s to roughly 57% today, is an economic asset that requires active protection. His testimony urges Congress to faithfully implement the GENIUS Act, prevent regulatory evasion, and pass the bipartisan CLARITY Act, framing these measures as central to ensuring that future financial-market infrastructure operates under American law rather than foreign legal systems.

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