Now, I know led by Cynthia and other great legislators, Congress is hard at work getting the genius act passed and across the president's desk as quickly as possible. And that's an important step. It's with good reason, because Regulatory uncertainty in this country has pushed way too much stablecoin activity overseas over the last few years. Somebody said to me yesterday that bitcoin has done so much over the last few years with so many headwinds, wouldn't it be nice to have a government that provided some tailwinds to one of the fastest growing industries in our country? (12:27–12:36)
CLAIM
Asserts that regulatory uncertainty has driven stablecoin activity overseas.
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.
