… the House is that tokenized payment for a bank to issue or a non bank to issue under the same capital some same regulatory, same liquidity, same oversight guidelines. And We want that to be the best in the world. Which is why we're going to get this bill tightened down between the House and the Senate. But if we passed the stablecoin bill only, all you'd have is this thing called a stablecoin under US law. (06:56–07:05)
CLAIM
Asserts the intention to create world-leading stablecoin legislation through collaboration between the House and Senate.
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.
