Tom Emmer actually said...

"We have a capital formation problem in this country."

"I firmly contend that the stablecoin is a payment instrument and is a fundamentally different asset than an investment product."

"Clearly, stablecoins offer economic benefits that cannot be ignored."

"Here is the bottom line. Banks should not be the only institutions in the ecosystem with dibs to issue the potential array of financial products that the President's Working Group report simply lumps ..."