Michael S. Barr: “The banks we regulate, in contrast to stablecoins and crypto markets, are well-protected from bank runs through a robust…”

I do think the banking system is sound and resilient.

We definitely want innovation in our banking system. Innovation has been critical to having a thriving financial sector and a thriving economy.

Yes, I do think that bank mismanagement was at the core of this.

I personally oppose it quite significantly. I think it is, I would use a technical term, 'dumb,' the way they describe their rule.