Anthony Gonzalez: “We produce very few of them in this country.”

Thank you, Chairman Foster, and thank you, as always, for your leadership on this task force.

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.

A very robust set of regulation, akin to bank-like regulations, would solve a bank-run type of instability, yes.

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.