William Timmons actually said...

Many stablecoin projects are fleeing the United States for countries that have established clear frameworks for payment stablecoin issuance.

It is disappointing that the President is nominating someone who disagrees with both of our positions on this.

So, we have already identified that those applications likely resulted in tens of billions, if not a hundred billion dollars, being stolen.....

I would say that that is just a terrible idea. I mean, we need to reevaluate the effectiveness of it.