Circle Internet Financial emphasizes the urgent need for stablecoin legislation in the United States to maintain its leadership in financial innovation and the digital economy. The absence of clear regulations risks stifling innovation as stablecoins like USDC, which Circle issues, are transforming global business practices. Circle highlights the example of Europe, where comprehensive laws under the Markets in Crypto-Assets framework have been enacted, allowing for secure and innovative digital financial systems. The company advocates for the U.S. to implement similar regulations to foster trust and growth, supporting a robust foundation for the digital economy. Circle's President, Heath Tarbert, underscores the importance of establishing these rules now to ensure the U.S. remains competitive in the evolving global financial landscape.