And what Congress must do is get their head out of the sand and do the work to regulate this industry so that we can continue to be the center of the world financial markets. The use of cryptocurrency, the use of blockchain, the use of stablecoins as a digital asset is worldwide. And if you want to have that system function well, to have safety and soundness, to have transparency and accountability, to have consumer protections, to have anti money laundering, to have anti illicit finance aspects, you have to create a regulatory framework. (00:55–01:02)
CLAIM
Asserts that cryptocurrency, blockchain, and stablecoins are used globally.
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