Circle President Heath Tarbert testified to Congress on September 2, 2026, that placing digital-dollar infrastructure under US rules could reinforce the network effects supporting the currency's global role. ^[1] Heath Tarbert, President of Circle Internet Group and former chair of the U.S. Commodity Futures Trading Commission, testified before the U.S. House Financial Services Committee on 2026-09-02, urging Congress to protect the U.S. dollar's global leadership by supporting digital financial infrastructure. ^[2] Tarbert advocated for full implementation of the GENIUS Act, which aims to regulate stablecoin issuance, and for bipartisan passage of the CLARITY Act to provide a clear legal framework for digital assets, during his 2026-09-02 testimony. ^[3] A Treasury Borrowing Advisory Committee analysis found that bills represented 53% of Tether and Circle assets, with holdings increasing by $70 billion since 2022. ^[4] The Bank for International Settlements estimated that roughly 98% of stablecoin value is denominated in dollars. ^[5] The GENIUS Act was enacted in July 2025, requiring one-to-one permitted reserves, redemption at par, and financial-crime compliance for issuers. ^[6] BNY Mellon announced on 2026-06-29 that it expanded support for Circle's USDC stablecoin, including minting and burning services for institutional clients. ^[7]