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Bryan Steil: “BNY Mellon is very engaged in the stablecoin space.”

Featuring: Bryan Steil, Republican | U.S. House, Wisconsin, District 1

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Congressional Hearing on Stablecoin Legislation with Mr. Callison, Ms. Butler, Mr. Cascarilla, and Ms. House

Published | Video Starts at 01:27

Sometimes you'll hear people say that the banks don't like stablecoins, stablecoins don't like the bank. You get all of this back and forth. But BNY Mellon is very engaged in the stablecoin space. Could you just put a little color as to what the value proposition is to your customers, your bank? Thank you very much, Congressman. Yes, indeed, there is a number of different things. (01:27–01:30)

CLAIM

Asserts that BNY Mellon is actively involved in the stablecoin market.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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