On the recordSeptember 29, 2021
We have an opportunity here to get NIL legislation, a national standard, passed.
Source
congress.govWe have an opportunity here to get NIL legislation, a national standard, passed.
Expressing optimism about passing national NIL legislation.
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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.
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.