On the recordMay 25, 2022
A very robust set of regulation, akin to bank-like regulations, would solve a bank-run type of instability, yes.
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congress.govA very robust set of regulation, akin to bank-like regulations, would solve a bank-run type of instability, yes.
Gonzalez discusses the need for strong regulations on stablecoins to prevent instability.
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If we have liquidity challenges, if the depths of our markets all of a sudden are impaired, the ability of the financial system to respond to large shocks is severely diminished.
So, like, let's build a transmission tie there to move all of that great wind out of Iowa into Chicago that is going to need it, especially with their new goals.
It's very refreshing to have genuine experts amongst the membership of Congress on this issue.