Jeremy Allaire – CEO of Circle Internet Financial Ltd. – argued that US investors could soon relocate due to the lack of proper regulations and the growing banking crisis.

“We are seeing a huge amount of concern globally about the US banking system. We are seeing concern about the regulatory environment in the US.”

Allaire thinks the US government should act quickly, highlighting the progress that the European Union, Singapore, and Hong Kong have achieved lately:

“It’s a critical moment here in the US, and, as I like to say, it’s really a moment for Congress to step up.”