"I hope that the skyrocketing inflation unleashed under the Biden Administration puts an end to these discussions."
"the Federal report makes clear is that legislation is necessary for the Fed to issue a central bank digital currency."
"I think this is the reason why we need to have a well-regulated stablecoin regime, or to at least have a conversation."
"I believe the design of this digital dollar should balance the need for privacy protections, while retaining mechanisms to prevent money laundering and other illicit uses."
"I also strongly believe that a U.S. CBDC should be designed to promote financial inclusion."
"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 Biden administration has made every aspect of family life more difficult."
"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 these institutions."
"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."