0:00
Miss Dixon uh considerable work has been
0:03
done to create a dollar backed stable
0:05
coin something that you know I'm very
0:07
passionate about I think it's time for
0:09
this to happen uh it's my hope that a
0:11
payment stable coin bill will pass
0:12
through both Chambers of Commerce and
0:13
will be signed into law by the president
0:16
what does this mean for the future of
0:18
stable coins and what opportunities will
0:20
this unlock for the average American
0:22
Consumer in small business if we get the
0:24
stable coin legislation done thank you
0:26
so much Congressman I always thought
0:28
that the stable coin legislation was the
0:30
low hanging fruit um and apparently
0:32
hasn't um come out to be that because we
0:34
haven't been able to you with all the
0:35
work that you've done still haven't been
0:36
able to get it through uh I think that
0:39
stable coin legislation provides unique
0:41
opportunity to be able to not only set
0:43
the United States up as a leader because
0:45
we will be the first one who um have
0:48
come out and purposely set the direction
0:50
and also have 99% of the stable coins in
0:54
the world are us back stable coins so
0:56
we'll be stronger from that standpoint
0:58
too uh the what US what Americans will
1:01
be and also folks outside the US will be
1:03
able to do is send and receive value in
1:05
seconds that stable onetoone backed
1:08
value and that is very very important
1:10
not just to uh the creativity of what
1:12
the financial system could be but also
1:15
just leveraging value that uh prior that
1:18
others outside the United States
1:19
couldn't hold very well thank you very
1:21
much for your testimony all of you and
1:22
with that I yield back
