Gwen Moore: “If the goal is to facilitate everyday payments, these lower…”

“So we don't have the definitions and clarity. I hate to use that word again, that I think you've called for and rightfully have pointed out. Okay, thank you. If the goal is to facilitate everyday payments, these lower income people who own this crypto, why shouldn't relief be limited to regulated payment stablecoins rather than extending benefits to speculative assets that are primarily held for investment? So as to make a distinction, if I may. The definition of stablecoin includes stablecoins that this Congress regulated under the genius act. So an appropriate.” (04:34–04:50)

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.