Anthony Gonzalez: “If I could really quickly on the casino route--really quickly, Mr. Chairman, there is a key difference between a casino…”

I could not agree more with that sentiment.

Privacy is a core American value. Let's not make it de facto illegal.

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.

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.