Jerome Powell actually said...

We believe that it would be appropriate to have quite a robust Federal role in what happens with stablecoins going forward.

We are following it very, very closely, and I think you have put your finger on it, this is a problem more for smaller banks.

I think that is a pretty good guess of what will happen if the economy performs about as expected.

the United States' Federal budget is on an unsustainable path, which means that the debt is growing faster than the economy.