Patrick McHenry actually said...

"While cryptocurrencies have the potential to offer several efficiencies in the way that we send and receive money, the early stages of innovation in this realm are revealing the clear risks associated..."

"the Federal report makes clear is that legislation is necessary for the Fed to issue a central bank digital currency."

"I also strongly believe that a U.S. CBDC should be designed to promote financial inclusion."

"I think this is the reason why we need to have a well-regulated stablecoin regime, or to at least have a conversation."