Circle President Heath Tarbert urged Congress to complete the CLARITY Act, arguing that the United States must pair stablecoin rules with a lasting federal framework for digital-asset trading, custody, intermediaries and customer protections. In Sept. 2 testimony to the House Financial Services Committee, Tarbert said strict implementation of the GENIUS Act is needed to prevent regulatory arbitrage by offshore stablecoin issuers serving U.S. customers. He framed the legislation as part of what he called Dollar Statecraft, or using U.S. laws, institutions and market credibility to keep dollar-denominated financial infrastructure under U.S. governance as payments, securities, collateral and settlement migrate on-chain. Tarbert said the stablecoin market was about $317 billion in April 2026, more than 50% above early-2025 levels, while tokenized U.S. Treasuries and money-market products exceeded $16 billion in August. He also cited Circle's USDC, Circle Payment Network and Arc settlement network as parts of the emerging infrastructure. The House approved the CLARITY Act on July 17, 2025, by 294 votes to 134, including support from 78 Democrats, while Senate committees have advanced separate portions of the legislation. House Financial Services Chairman French Hill has said bipartisan negotiations have narrowed differences and that a vote is set to proceed on Sept. 15.