| LET'S BE CLEAR ABOUT ONE THING, | 2.569 | Jump to 758.792 |  |  | 
              
                
                  | 30% ONE DAY. | 1.935 | Jump to 800.4 |  |  | 
              
                
                  | LOOK AT THE 1929 STOCK MARKET. | 2.168 | Jump to 814.114 |  |  | 
              
                
                  | ADDED ONE STOCK TO BUY ANOTHER | 2.803 | Jump to 826.659 |  |  | 
              
                
                  | 2008 CRASH. | 3.671 | Jump to 834.734 |  |  | 
              
                
                  | DERIVATIVES 20 YEARS AGO. | 7.807 | Jump to 876.11 |  |  | 
              
                
                  | DESIGNED  TO MAINTAIN A ONE TO | 5.239 | Jump to 1082.449 |  |  | 
              
                
                  | ONE VALUE TO THE U.S. DOLLAR. | 4.638 | Jump to 1084.084 |  |  | 
              
                
                  | ALWAYS MEANT TO EQUAL ONE | 2.036 | Jump to 1088.822 |  |  | 
              
                
                  | AS ONE OF OUR WITNESSES, DANTE | 6.072 | Jump to 1093.027 |  |  | 
              
                
                  | THERE ARE THREE REASONS I | 4.038 | Jump to 1234.1 |  |  | 
              
                
                  | DISAGREE WITH THAT. FIRST, | 1.234 | Jump to 1237.604 |  |  | 
              
                
                  | THAT A SECOND. | 2.069 | Jump to 1271.505 |  |  | 
              
                
                  | THERE SHOULD BE AT LEAST THREE | 2.603 | Jump to 1314.314 |  |  | 
              
                
                  | ONE WOULD BE TO OPERATE UNDER A | 2.402 | Jump to 1317.284 |  |  | 
              
                
                  | TWO, THEY COULD COMPLY WITH OR | 4.271 | Jump to 1321.855 |  |  | 
              
                
                  | FOUR WITNESSES. | 3.437 | Jump to 1426.559 |  |  | 
              
                
                  | FIVE MINUTES PLEASE.. | 1.735 | Jump to 1470.571 |  |  | 
              
                
                  | I HAVE BRIDGED FROM ONE BLOCK | 1.835 | Jump to 1515.249 |  |  | 
              
                
                  | TOP TWO STABLE COINS DIRECTLY | 1.568 | Jump to 1556.99 |  |  | 
              
                
                  | A SECOND STEP WE ARE NOT USED | 5.138 | Jump to 1564.031 |  |  | 
              
                
                  | COIN BASE PAYS ITS USER A 1% | 2.169 | Jump to 1588.221 |  |  | 
              
                
                  | FIVE, OR DECENTRALIZED FINANCE. | 5.405 | Jump to 1689.323 | 
                      
                        
                      
                        ORG
                      
                      
                        OR DECENTRALIZED FINANCE
                      
                     |  | 
              
                
                  | HAPPEN AS OF YESTERDAY, EIGHT | 7.407 | Jump to 1702.803 |  |  | 
              
                
                  | OUT OF NINE HAD AT LEAST ONE | 6.94 | Jump to 1705.172 |  |  | 
              
                
                  | MY REMARKS WILL FOCUS ON THREE | 7.141 | Jump to 1800.6 |  |  | 
              
                
                  | KEY POINTS. FIRST, STABLE COINS | 6.039 | Jump to 1802.769 |  |  | 
              
                
                  | CURRENCY, LET'S SAY $1.00. | 8.942 | Jump to 1822.489 |  |  | 
              
                
                  | FINANCE WITH THE FIVE | 2.403 | Jump to 1834.367 |  |  | 
              
                
                  | DRAWBACKS. SECOND, STABLE COINS | 6.407 | Jump to 1851.985 |  |  | 
              
                
                  | FROM REGULATORY GAPS. THIRD, | 8.008 | Jump to 1894.828 |  |  | 
              
                
                  | FIRST FDIC INSURANCE IS NOT | 6.172 | Jump to 1975.142 |  |  | 
              
                
                  | ASSETS OF AT LEAST 100% OF THE | 3.837 | Jump to 1986.887 |  |  | 
              
                
                  | THREE YEAR TERM IN THE FEDERAL | 3.103 | Jump to 2109.443 |  |  | 
              
                
                  | IN 2020, THE ONSET OF THE COVID- | 2.702 | Jump to 2138.472 |  |  | 
              
                
                  | 19 AND WITH IS NOTHING SHORT OF | 6.607 | Jump to 2139.706 |  |  | 
              
                
                  | USDC IS A NAFF 3-YEAR-OLD | 10.877 | Jump to 2214.848 |  |  | 
              
                
                  | CURRENCY STANDING MORE THAN 40 | 1.535 | Jump to 2225.058 |  |  | 
              
                
                  | BILLION IN CIRCULATION AND | 2.036 | Jump to 2225.925 |  |  | 
              
                
                  | SUPPORTING MORE THAN 1.4 | 3.437 | Jump to 2226.693 |  |  | 
              
                
                  | TRILLION ON CHANGE TRANSACTIONS | 3.57 | Jump to 2228.061 |  |  | 
              
                
                  | TREASURIES OF 90 DAYS OR LESS | 2.602 | Jump to 2245.712 |  |  | 
              
                
                  | HAS FOUR CORE COMPONENTS, EACH | 2.335 | Jump to 2268.202 |  |  | 
              
                
                  | WITH THE FIRST GENERATION HIGH | 1.935 | Jump to 2271.939 |  |  | 
              
                
                  | WHICH IS ONE OF THE | 4.738 | Jump to 2302.002 |  |  | 
              
                
                  | PARTICIPATING IN THE FIVE. | 4.404 | Jump to 2577.911 |  |  | 
              
                
                  | FIVE WILL ENCOURAGE SYSTEMIC | 0.9 | Jump to 2583.417 |  |  | 
              
                
                  | ONE POSSIBILITY IS TO BAN | 1.969 | Jump to 2606.439 |  |  | 
              
                
                  | SECOND, THE OFR MONITORING THE | 6.573 | Jump to 2677.378 |  |  | 
              
                
                  | THIRD, IF NECESSARY, THE M | 1.568 | Jump to 2684.051 |  |  | 
              
                
                  | MS. GOLDSTEIN, THERE ARE THREE | 2.203 | Jump to 2703.937 |  |  | 
              
                
                  | NO DISRESPECT TO THE FOUR OF | 2.869 | Jump to 2707.041 |  |  | 
              
                
                  | YOU NEED FOUR THINGS. | 1.568 | Jump to 2737.004 |  |  | 
              
                
                  | YOU NEED TO SEND THIS FROM ONE | 2.069 | Jump to 2759.693 |  |  | 
              
                
                  | DOLLAR GOES IN AND $1.00 COMES | 2.603 | Jump to 2948.448 |  |  | 
              
                
                  | THREE CURRENCY PREFIXES, SO I'M | 1.935 | Jump to 3078.846 |  |  | 
              
                
                  | CERTAIN ONE-DAY IS A CENTRAL | 2.602 | Jump to 3080.014 |  |  | 
              
                
                  | SUPPORTING CRYPTO TWO CAPITAL | 3.57 | Jump to 3155.956 |  |  | 
              
                
                  | THAT ONE POSSIBLE ALTERNATIVE | 1.769 | Jump to 3234.667 |  |  | 
              
                
                  | HAVE ONE LAST QUESTION. | 1.869 | Jump to 3316.95 |  |  | 
              
                
                  | STABLE COINS WHICH HOLD 100% | 1.601 | Jump to 3365.499 |  |  | 
              
                
                  | >> THANK YOU. ONE OTHER ASPECT | 9.777 | Jump to 3546.813 |  |  | 
              
                
                  | ANSWER THE QUESTIONS, AND 2008 | 2.436 | Jump to 3574.708 |  |  | 
              
                
                  | AND 2009 WE CREATED FINANCIAL | 4.738 | Jump to 3575.942 |  |  | 
              
                
                  | WE SAW FOLLOWING THE 2008. | 3.704 | Jump to 3605.038 |  |  | 
              
                
                  | MORE THAN 20 MILLION PEOPLE IN | 9.142 | Jump to 3809.042 | 
                      
                        
                      
                        CARDINAL
                      
                      
                        MORE THAN 20 MILLION
                      
                     |  | 
              
                
                  | THE U.S. IN 200 MILLION PEOPLE | 8.575 | Jump to 3810.844 |  |  | 
              
                
                  | THE ONE HAND, THEY WILL HAVE | 4.972 | Jump to 3827.794 |  |  | 
              
                
                  | THEORY IN ONE. THERE IS A 20 | 4.238 | Jump to 3954.654 |  |  | 
              
                
                  | IT CAN COST $10 OR $20. | 4.204 | Jump to 3962.462 |  |  | 
              
                
                  | I'VE SEEN IT AS HIGH AS $40 | 4.738 | Jump to 3963.497 |  |  | 
              
                
                  | THREE MAJOR CREDIT CARD NETWORKS | 6.006 | Jump to 4025.825 |  |  | 
              
                
                  | IT IS BACKED 100% BY DEPOSITS | 8.642 | Jump to 4246.012 |  |  | 
              
                
                  | CRISIS OF 2008. | 3.537 | Jump to 4425.859 |  |  | 
              
                
                  | TO THE FINANCIAL CRISIS OF 2008 | 4.204 | Jump to 4464.832 | 
                      
                        
                      
                        ORG
                      
                      
                        THE FINANCIAL CRISIS OF 2008
                      
                     |  | 
              
                
                  | I BELIEVE YOU WERE THE ONE THAT | 3.337 | Jump to 4550.717 |  |  | 
              
                
                  | PROBLEMS THERE IS NO ONE TO GO | 1.568 | Jump to 4554.154 |  |  | 
              
                
                  | $80 OR AS LOW AS SIX DOLLARS. | 4.371 | Jump to 4706.84 |  |  | 
              
                
                  | WESTERN UNION IS ABOUT FOUR OR | 2.335 | Jump to 4709.777 |  |  | 
              
                
                  | FIVE. | 5.306 | Jump to 4711.311 |  |  | 
              
                
                  | AND GOT A ONE-FOR-ONE EXCHANGE | 2.536 | Jump to 4905.572 |  |  | 
              
                
                  | HAS TREASURIES OF 90 DAYS OR | 2.135 | Jump to 5005.739 |  |  | 
              
                
                  | ONE IS GOING TO OFFER THE | 2.169 | Jump to 5038.004 |  |  | 
              
                
                  | $10 WORTH OF TETHER OR USDC, IF | 9.609 | Jump to 5110.978 |  |  | 
              
                
                  | I WANT TO TRADE MY $10 WORTH OF | 2.302 | Jump to 5119.286 |  |  | 
              
                
                  | TWO $10 BACK? | 1.068 | Jump to 5121.688 |  |  | 
              
                
                  | ACTUALLY BACKED, ONE-TO-ONE, IT | 5.339 | Jump to 5157.424 |  |  | 
              
                
                  | WOULD BE ONE OF THE 50 LARGEST | 3.337 | Jump to 5161.361 |  |  | 
              
                
                  | 10% OF THE ASSETS BACKING IT | 4.304 | Jump to 5172.372 |  |  | 
              
                
                  | 90% IS SOMETHING ELSE, NOT REAL | 4.137 | Jump to 5177.811 |  |  | 
              
                
                  | TO REPORT THAT 10% OF TETHERS | 2.702 | Jump to 5189.056 |  |  | 
              
                
                  | NOT THE ONLY ONE WHO WANTS TO | 5.472 | Jump to 5204.371 |  |  | 
              
                
                  | WOULD HAVE SIX AND CONSEQUENCES | 3.671 | Jump to 5270.27 |  |  | 
              
                
                  | INVESTORS AND FIRST TIME CRYPTO | 4.438 | Jump to 5337.571 |  |  | 
              
                
                  | THEY ARE PROPPING UP ONE OF THE | 9.943 | Jump to 5412.479 |  |  | 
              
                
                  | APPROXIMATELY 7.1 MILLION | 2.602 | Jump to 5464.098 |  |  | 
              
                
                  | BUY STABLE COINS IN THE FIRST | 3.137 | Jump to 5520.22 |  |  | 
              
                
                  | MARKET IS WORTH ABOUT $130 | 4.405 | Jump to 5687.187 |  |  | 
              
                
                  | BILLION. A LOT OF THIS GROWTH | 7.341 | Jump to 5688.722 |  |  | 
              
                
                  | MOMENT I WILL ASK ONE QUESTION. | 11.01 | Jump to 5788.255 |  |  | 
              
                
                  | >> UNLESS ONE OF THOSE TECH | 2.903 | Jump to 5870.104 |  |  | 
              
                
                  | BE SHADOW BANKING 2.0 IN TERMS | 3.003 | Jump to 5896.797 |  |  | 
              
                
                  | THEY ONLY GET ONE DOLLAR OUT | 3.737 | Jump to 5980.347 |  |  | 
              
                
                  | THREE WHERE WEB ONE WAS READ | 3.17 | Jump to 6166.8 |  |  | 
              
                
                  | AND WEB THREE IS READER MIGHT | 3.437 | Jump to 6168.535 |  |  | 
              
                
                  | ONE OF THE MOST ELUSIVE ASPECTS | 2.202 | Jump to 6187.721 |  |  | 
              
                
                  | BECOMES ONE OF THE MISSING | 4.004 | Jump to 6219.452 |  |  | 
              
                
                  | THAT'S ONE USE CASE OF MOVING | 4.171 | Jump to 6285.986 |  |  | 
              
                
                  | THAT IS ONE REASON WHY I | 5.806 | Jump to 6477.444 |  |  | 
              
                
                  | HOW MUCH OF THE $10,000 COULD | 2.135 | Jump to 6505.172 |  |  | 
              
                
                  | THERE ARE STANDARDS 42 CURRENCY | 5.706 | Jump to 6615.348 |  |  | 
              
                
                  | INCLUDING STABLE COINS FOUR FOR | 5.672 | Jump to 6618.018 |  |  | 
              
                
                  | WHERE YOU HAVE SAY 10% OF | 1.968 | Jump to 6629.396 |  |  | 
              
                
                  | ADVANTAGING ONE INDUSTRY OVER | 1.668 | Jump to 6640.44 |  |  | 
              
                
                  | RANKING MEMBER FOUR EXTENDING | 1.168 | Jump to 6645.678 |  |  | 
              
                
                  | WITNESSES FOUR APPEARING. | 3.904 | Jump to 6649.916 |  |  | 
              
                
                  | THANK YOU TO THE FOUR WITNESSES | 5.906 | Jump to 6683.484 |  |  | 
              
                
                  | TODAY. FOUR SENATORS WHO WISH | 5.572 | Jump to 6684.985 |  |  | 
              
                
                  | ONE WEEK FROM TODAY, TUESDAY, | 1.334 | Jump to 6691.492 |  |  | 
              
                
                  | WITNESSES WILL HAVE FIVE DAYS | 3.17 | Jump to 6692.926 |  |  |