You know, Congressman, you've made the point, and I really appreciate this point, that transparency is critical here. Tell us about that and how this legislation will make this currency and these digital assets … You don't have the consumer protections that are needed [in stablecoins]. … would be able to operate, provide certainty and clarity for individuals that are engaged in using stablecoins in transactions in the United States. That clarity gives individuals comfort to be able to engage. (15:42–15:45)
CLAIM
Asserts that current stablecoin systems lack necessary consumer protections.
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.
