1/ @RepBryanSteil just said the following during today’s STABLE Act markup: "The STABLE Act creates a really robust framework for centralized payment stablecoins backed by high-quality, real-world fiat assets. It should be noted that it is not our intention to sweep in non-payment stablecoins. This includes decentralized stablecoins. Non-payment stablecoins have different use-cases and risk profiles than centralized payment stablecoins. If we want to address those novel risks, we would need to do so in separate legislation. We crafted the STABLE Act to cultivate the innovation potential of payment stablecoins so they can be used for payments in the United States. The Act is not intended to cut off a burgeoning blockchain-based product that is far different from payment products we are seeking to legislate today."