Anthony Gonzalez: “I think our banking sector, our financial sector in general, has been--and hopefully, will continue to be--a tremendous…”

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.

It gives me pause to know that there is only one staffer.

Thank you, Chairman Foster, and thank you, as always, for your leadership on this task force.

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.