Congressman Warren Davidson hits the nail on the head yet again with his insightful comments on commodity-backed stablecoins. He rightly points out their key advantage: they represent a direct claim to a physical asset, such as gold. This is a crucial distinction from saent bonds, which carry inherent default and liquidity risks. As Davidson points out, even Treasuries are not immune to these risks. Gold, on the other hand, offers a level of stability that fiat-backed assets often struggle to match. While the possibility of fraud always exists, the inherent value and tangible nature of gold provide a strong foundation for a stablecoin. This makes commodity-backed stablecoins a compelling alternative for those seeking a more secure and reliable store of value in the digital asset space. His unwavering support for sound money principles and innovative financial solutions continues to earn him a perfect score from us.
Spoke at @FinancialCmte’s hearing on the importance of a regulatory framework for digital assets.
Voted YES to pass the CR and support President Trump’s America First agenda.
Introduced legislation repealing Biden-era regulations.
Opened an investigation into the Mid-Air Collision of a U.S. Army UH-60 Black Hawk Helicopter and American Airlines Flight 5342 near DCA.
Sent a letter with @DOGECommittee requesting @AGPamBondi & @FBIDirectorKash investigate attacks on Tesla as domestic terrorism.
Defines a payment stablecoin
Establishes clear procedures for institutions seeking charters to issue stablecoins
Promotes responsible innovation and protects consumers
Deutsche Bank says a US strategic Bitcoin reserve "could set international standards" 
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