The cryptocurrency industry is poised for growth following market turbulence

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Reportedly, Jeremy Allaire, the CEO of Circle, expressed optimism about the future growth and transformative potential of digital assets, including regulatory aspects, in a recent interview with Fortune magazine. Allaire drew a parallel between the volatility of cryptocurrencies and historical cycles of technological booms and busts, such as the late 1990s internet bubble.

He stated, "What you see on the other side are the companies that endure and are meaningful. You begin to see reactions from other parts of society, including central banks, regulators, and others who say, 'Clearly, this industry is going to persist, this market is really big, let's put in place the rules for it.'"