After opening comments, the first of three questions posed to the panel concerned American innovation. Brito expressed hope that crypto would be allowed to develop with open access like the Internet did. He spoke of the process as letting “a thousand flowers bloom.” Zarate spoke of using blockchain technologies “to challenge U.S. adversaries.” It will be possible, Zarate said, to reinforce U.S. capital markets and the role of the dollar “if we have a say and a hand in how” the technology is developed. He mentioned, in particular, the use of dollar-denominated stablecoin to the nation’s advantage.
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Source: Cryptocurrency - investing.com
