Patrick McHenry actually said...

"I think we can have some consensus here on how we get ahead, but one area that I think this committee should examine is the current State regulatory frameworks."

"I hope that today we can think bigger and more comprehensively and discuss the potential benefits of increased use of stablecoins."

"Washington's knee-jerk reaction to regulate out of fear will not allow stablecoins to achieve their full potential."

"Currently, there is no Federal law to address digital assets."