Anthony Gonzalez: “My fear is that instead of being focused on this task, the Bank has instead become an important tool for China to expand…”

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.

Transmission is incredibly important.

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.

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