Oh, that doesn't make good sense.
Despite what those across the aisle may say, we do not need to create an entirely new and special framework for crypto; we already have one.
Last week, I questioned SEC Chair Gensler about whether the agency has the authorities it needs...
I want to reiterate the urgency for those of us in this room to work together and pass this needed legislation.
Chairman McHenry and I are committed to working across the aisle to pass payment stablecoin legislation.
They come to any negotiations having made up their minds already.
I agree with most of our panel that we should move very quickly to establish the stablecoin bill and get that legislation going.
I believe innovation is fostered through choice and competition.
Recent reports indicate that digital asset developers are leaving the United States to go to countries that have more-established regulatory...
This bill that we have posted in no way represents any final work.
I cannot help but ask you a few questions about the stablecoins that we are concerned about, which certainly are very important.