Anthony Gonzalez: “I believe the risk is that we have let inflation run too hot for too long.”

Transmission is incredibly important.

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

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.