Alex Mooney: “But in my meetings with law enforcement, I know the Secret Service and U.S. Customs and Border Enforcement have been…”

In West Virginia, we have a lot of small banks.

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.

My good friend, Mr. Williams, often starts some of the discussions by asking whether you are a capitalist or a socialist.

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