Anthony Gonzalez: “Thank you, Madam Chairwoman.”

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.

You also said that you are in favor of a world where we have coexisting alongside of each other, CBDCs and stablecoins.

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.

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.