And I think that is what we should continue to embrace and I think that's what the bill would enable. Well, speaking of stablecoins, Section 15 of the stable act requires federal regulators to create and implement reciprocal agreements between the United States jurisdiction and jurisdictions with substantially similar regulatory frameworks for dollar-backed stable payment stablecoins. Can you explain the impact this section will have in extending the status of the dollar as the world's reserve currency? Thank you. Yes, I think the important point is that everybody wants a dollar. (02:06–02:22)
CLAIM
Asserts that the stable act mandates reciprocal agreements for stablecoins.
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