Full Committee Hearing

Stablecoins: How Do They Work, How Are They Used, and What Are Their Risks?

Date:   Tuesday, December 14, 2021 Time:   10:15 AM Location:   Dirksen Senate Office Building 538

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Topic

THE COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS will meet in OPEN SESSION, HYBRID FORMAT to conduct a hearing entitled “Stablecoins: How Do They Work, How Are They Used, and What Are Their Risks?” The witnesses will be: Ms. Alexis Goldstein, Director of Financial Policy, Open Markets Institute; Mr. Dante Disparte, Chief Strategy Officer and Head of Global Policy, Circle; Ms. Jai Massari, Partner, Davis Polk & Wardwell, LLP; and Professor Hilary J. Allen, American University Washington College of Law.

Pursuant to guidance from the CDC and OAP, Senate office buildings are not open to the public other than official business visitors and credentialed press at this time. Accordingly, in-person visitors cannot be accommodated at this briefing. We encourage the public to utilize the Committee’s livestream of the hearing, available on the website at http://www.banking.senate.gov.

All hearings are webcast live and will not be available until the hearing starts. Individuals with disabilities who require an auxiliary aid or service, including closed captioning service for webcast hearings, should contact the committee clerk at 202-224-7391 at least three business days in advance of the hearing date.

Member Statements

  1. Chairman Sherrod Brown (D - Ohio)
  2. Ranking Member Patrick J. Toomey (R - Pennsylvania)

Witnesses

  1. Ms. Alexis Goldstein
    Director of Financial Policy
    Open Markets Institute
  2. Ms. Jai Massari
    Partner
    Davis Polk & Wardwell, LLP
  3. Mr. Dante Disparte
    Chief Strategy Officer and Head of Global Policy
    Circle
  4. Professor Hilary J. Allen
    Professor
    American University Washington College of Law