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Bryan Steil: “The more we're dollarizing around the globe, the more the US…”

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

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TRM Talks: Congressman Bryan Steil on Crypto Legislation and the Future of Digital Assets

Published | Video Starts at 24:12

And I think what we will see is an uptick in the use of the US dollar without the cumbersome process that many people would otherwise have to go through in their respective country. And The more we're dollarizing around the globe, the more the US dollar becomes and maintains its status as the absolute global reserve currency. And that's good for U.S. citizens. And I actually think it's good for global economic stability and global stability underlying that in the Clarity Act. (24:12–24:20)

CLAIM

Claims that increased global use of the US dollar through stablecoins will reinforce its status as the global reserve currency.

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