Sen. Gillibrand on stablecoin bill: "we’ve been working with the regulators, but we haven’t socialized it with stakeholders"
Sen. Kirsten Gillibrand (2-7-2024)
Who?
Sen. Kirsten Gillibrand (D-NY) — Intelligence and Armed Services Committees
LISTEN: Laslo & Gillibrand
Ask a Pol asks:
What’s happening with your stablecoin bill with Sen. Cynthia Lummis (R-WY) — still waiting on the House? At a certain point, will you just drop yours if they haven’t moved?
Key Gillibrand:
“Yeah, yeah. We’re gonna drop ours anyway, because I want to have an opportunity for feedback. It’s important,” Gillibrand exclusively tells Ask a Pol. “And if the feedback comes before the House finishes their work, we can inform their work. So I’d like to get it out there so stakeholders can see it. We’ve not socialized this with stakeholders yet. Except for the — we worked with the regulators on it.”
Caught our ear:
“We’re gonna introduce our bill soon, I think,” Gillibrand says. “We’re doing some finishing touches, basically.”
Below find a rough transcript of Ask a Pol’s exclusive interview with Sen. Kirsten Gillibrand (D-NY), slightly edited for clarity.
TRANSCRIPT: Sen. Kirsten Gillibrand
SCENE: Gillibrand and two aides are walking through the basement of the US Capitol when they bump into Ask a Pol’s Matt Laslo.
Kirsten Gillibrand: “How are you?”
Matt Laslo: “Livin’ the dream.”
KG: “What’s new? Tell us of the new things.”
ML: “Who knows?”
Gillibrand aide: “New stablecoin that you should be…”
KG: “My favorite topic.”
ML: “What’s happening with stablecoin? You guys just still waiting on the House?”
KG: “We’re gonna introduce our bill soon, I think. We’re doing some finishing touches, basically.”
ML: “Yeah?”
KG: “And then, hopefully, the House negotiations proceed well. I mean, I’m optimistic that we’ll get a very good agreement between the two houses.”
ML: “At a certain point, will you just drop yours if they haven’t moved?”
KG: “Yeah, yeah. We’re gonna drop ours anyway, because I want to have an opportunity for feedback. It’s important. And if the feedback comes before the House finishes their work, we can inform their work. So I’d like to get it out there so stakeholders can see it. We’ve not socialized this with stakeholders yet. Except for the — we worked with the regulators on it.”
Sen. Gillibrand enters an elevator and greets a fellow senator.
KG: “Hi.”
Laslo laughs.
KG: “So we’ve been working with the regulators, but we haven’t socialized it with stakeholders.”
ML: “Yeah?”
KG: “So we want to…”
Sen. Gillibrand’s aide whispers something to her.
KG to aide: “I know.”
KG: “So we’re gonna — we want to drop it so people can look at it.”
ML: “Yeah?”
Gillibrand, aides and Ask a Pol exit elevator on first floor of Capitol.
KG to colleague: “I’ll see you later.”
Man: “Bye, Kirsten.”
ML: (whispers) “Pardon me.”
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