Patrick McHenry actually said...

What we are trying to do here is make this a very straightforward stable product.

But Dodd-Frank was about de-risking the big banks, and now the President's Working Group contemplates that we are going to add more risk to ...

I welcome the President's Working Group report that your group put forward to Congress and to the public about recognizing stablecoins.

We don't have a Federal regulatory regime for stablecoins, and we need it, and I think there is bipartisan understanding of that.