On the recordMay 11, 2022
What we are trying to do here is make this a very straightforward stable product.
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congress.govWhat we are trying to do here is make this a very straightforward stable product.
McHenry emphasizes the goal of creating a clear regulatory framework for stablecoins.
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Is this a place where you would want to work? Based on your spending weeks on this project, would you want to work in this environment?
I thank the Chair, and I thank the panel for being with us today to continue our investigation of the poisonous culture at the FDIC.
FSOC's purpose is straightforward: to identify risks that could impact our financial stability; to promote market discipline by eliminating expectations of bailouts; and to respond to emerging threats.
Community banks are already struggling under the current regulatory agenda. We should not be adding more burdensome rules.