Anthony Gonzalez: “It is vital that Congress continues to consider how we can best promote innovative advancement in the private sector…”

My contention is that private stablecoins, provided those coins are dollar-denominated and reserves are denominated in U.S. dollars, allow for sanctions to continue.

Quality of reserves, liquidity, transparency, redemption rights, these are the sorts of things we should be talking about when we are talking about well-regulated stablecoins.

I could not agree more with that sentiment.

Transmission is incredibly important.