Alex Mooney: “There is no doubt that China is our top competitor and adversary.”

I am grateful for the House Ethics Committee's decision and dismissed allegations of misconduct as driven by politically motivated actors on the extreme left.

This is bad for jobs. It is bad for the strength of the dollar. It is bad for our status as a reserve currency.

I introduced H.R. 804, the Chinese CBDC Prohibition Act of 2023. This bill prohibits U.S. money services businesses from engaging in transactions involving a central bank digital currency issued by China.

I would call upon the subcommittee to think deeply about passing some sort of bill about stablecoins.