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

I have legislation, the Chinese Military and Surveillance Company Sanctions Act, that uses the OFAC SDN list to target the financing of military and surveillance companies that act counter to the national security of the United States.

The report that we released suggests that both the Board in Washington and the San Francisco Fed did not hold up the bank with enough pressure.

Yes. I have been consistent in saying both that the system is strong and that we also need to think about stronger capital rules.

The Congress needs to increase the debt ceiling. There are no other options around that.