And as I said earlier, there is a chance that digital assets can provide a substantial source of demand for the US Dollar. In my bill, the Stable act which regulates dollar denominated denominated stablecoins, we give the treasury the authority to identify which foreign stablecoin regulated regulatory regimes are comparable to ours. What are the key aspects of comparable regime and are there lessons or criteria that we can draw from other similar areas in the financial services space. (02:48–03:03)
CLAIM
Asserts that the Stable Act gives the Treasury authority to assess foreign stablecoin regulatory regimes.
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