Rep. Brad Sherman: Stablecoin measure "needs to have a prohibition of mixers"

Rep. Brad Sherman (5-6-2024)

Congressional reporters stake out a committee hearing. Photo: Matt Laslo

Who?

Rep. Brad Sherman (D-CA) — House Financial Services Committee

LISTEN: Laslo & Sherman

Ask a Pol asks:

What’s going on with the stablecoin measure?

Key Sherman: 

“It needs to have a prohibition of mixers in it. I doubt it does,” Rep. Sherman exclusively told Ask a Pol. 

Why?

“You know, it’s a burglary tool. Burglary tools have been illegal in this country for 200 years,” Sherman told us. 

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Below find a rough transcript of Ask a Pol’s exclusive interview with Rep. Brad Sherman (D-CA), slightly edited for clarity.

TRANSCRIPT: Rep. Brad Sherman

SCENE: Sherman’s sneaks up on Ask a Pol’s Matt Laslo on his way to vote in the Capitol. Initially Laslo has his mic off when he asks about the new Senate stablecoin measure…

Matt Laslo: Have you seen Sen. Gillibrand and Lummis’ “new crypto measure?”

Brad Sherman: “No, but…”

ML: “Stablecoin measure?”

BS: “…it needs to have a prohibition of mixers in it. I doubt it does, but…”

ML: “Why is that?”

BS: “Sole purpose of a mixer is to mix up law enforcement.”

ML: “Yeah, why is that?”

BS: “You know, it’s a burglary tool. Burglary tools have been illegal in this country for 200 years.”

ML: “Yep. Preciate you, sir. Have a good one.”

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