It's a payment stablecoin, and you don't have the ability to use it as a payment as an individual. It's all through a third party. Okay, fair enough. It doesn't overtly ban self custody, but what you see is Previous administrations, including really Steve Mnuchin when he was Secretary of the treasury for President Trump's first Term have tried to limit your ability to do self custody. Even at the end of the Biden administration they were still working on this at the Consumer Financial Protection Bureau. So this is a clear position where Democrats want to ban it or they want to make it credentialed. (11:49–11:59)
CLAIM
Asserts that past administrations, including Steve Mnuchin's tenure, attempted to limit self custody of digital assets.
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