Patrick McHenry actually said...

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.

By that same notion, you would like to have a single regulator at the Federal level for all financial institutions.