According to CoinMeta, Circle CEO Jeremy Allaire indicates that he does not focus on the short-term price of Bitcoin, but rather is optimistic about the application of digital dollars in payments and within the AI proxy economy. The US Monetary Supervision Agency is drafting the Genius legislation, which requires stablecoin issuers to hold sufficient reserve assets, to redeem within two days, and prohibits the payment of interest. Allaire believes that this legislation has bipartisan support and can provide policy guarantees for the stablecoin industry, however, there has been no progress in legislating the structure of the US crypto market yet.