The dollar will have another reason why people will transact in dollars from a reserve currency point of view. Because I believe that Once Brian's and Bill Haggerty's bill is law, the dollar backed stablecoin will be the default stablecoin regime and other nations will adopt something similar. Why? Because we'll get, we will grant them reciprocity on those regulatory relationships, whether it's in Canberra, Australia or London, you know, and I think that's important. (10:20–10:33)
CLAIM
Asserts that a dollar-backed stablecoin will become the default regime once the bill becomes law.
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