I think that a dollar-backed payment stablecoin extends the brand of the dollar. It extends the power of the dollar as the reserve currency whether they’re stablecoin issuers here in the United States under U.S. law, or whether it’s a dollar-backed stablecoin issuer outside the U.S., that fundamental tenet is it’s going to be backed by short Treasuries.
French Hill emphasizes the significance of the GENIUS Act for the dollar's status.
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I think it's time for the president to convert those seized assets to a trust account for the benefit of Ukraine.
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