I was encouraged that the report acknowledged that responsibility for clarifying whether, and to what extent, Federal agencies have jurisdictions over stablecoins is a question that rests with Congress.
Toomey notes Congress's role in determining regulatory authority over stablecoins.
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It's a budgetary gimmick that has the intent of making it possible to have a huge explosion in unrelated spending. This is not what this bill was about. We can fix it. We can do it immediately.
Last year, China conducted two hypersonic missile tests which the Chairman of the Joint Chiefs, General Mark Milley, described as being very close to a Sputnik moment for the United States.
If an American venture capital firm, for instance, is investing in a Chinese artificial intelligence company that has ties to the Chinese military, a technology transfer that is associated with that deal that included some kind of…
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