I think that makes a lot of sense. My fear is, you know, we're going to do the best we can. I don't know that, one, this is intellectually difficult to figure out, as Congress, and it's also politically difficult.
Gonzalez highlights the challenges Congress faces in addressing complex technological issues.
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When I look at the housing market today and really for the last several years, I think what we see is a clear supply and demand imbalance which is jacking up prices.
I tend to feel like if you were to poll-test most Americans and say, hey, how do you feel about your pension assets being invested in companies that are designed to destroy your country, they would probably say, no thank you, to that.
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.
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