And so as we look at this, where can we be proactive? And I think this is really where market structure, where the stablecoin bill is there. We're being slightly reactive in a timeline sense, but I think we're being proactive of putting a framework in place [for the stablecoin bill]. And what we don't want to do is allow the federal government to be reactive following a crisis. So often following a crisis, you're before a full understanding as to why that crisis occurred. (15:19–15:26)
CLAIM
Asserts that the stablecoin bill is a proactive measure despite being reactive in timing.
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.
