Rep. Gonzalez: Congress will likely pass fiat-backed stablecoin legislation
Anthony Gonzalez · From NFL to Startup COO to Congressman Regulating Crypto (with Rep. Anthony Gonzalez) · Acquired · Aug 2, 2022 · at 1:05:03
Anthony Gonzalez (U.S. Representative, R-OH) discusses congressional regulatory priorities following the collapse of algorithmic stablecoin Terra Luna in 2022.
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“What I think you'll probably see is some sort of law that enshrines a quote payment stable coin. That language has been used in a couple of different bills. A payment stable coin as essentially a fiat backed stable coin.”
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