And the problem with that heavy hand of government position on something that's as nascent and as dynamic, for example, as stablecoin is that Investors can go other places and they're going to be compelled to go to other countries, which weakens the American dollar. It weaken the American opportunity, if you will, for these new financial tools. And so we took a soft, sort of a soft touch approach, put up some good guardrails, protects the American dollar, the significance obviously of the dollar in the world. (09:40–09:47)
CLAIM
Asserts that overregulation could drive investors abroad, weakening the U.S. dollar.
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.
