10/19/2021
https://congress.gov...
"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."
"You also said that you are in favor of a world where we have coexisting alongside of each other, CBDCs and stablecoins."
"Thank you, Chairwoman Beatty, for holding today's hearing, and thank you to our witnesses for your testimony."