Opportunity. I think theres a lot to what you say, senator, that if we regulate, we do legitimize. Some of todays witnesses have talked about trust and trust is a very important factor particularly with Financial Products and services. So there is that risk. There is a bone in my body that says, i think thats a risk worth taking. And i think its particularly worth taking as we think of these Virtual Currencies as having functions that are a lot like credit cards or debit cards in this respects. Wouldnt you agree that right now, without any form of intervention, without legitimizing it, every buyer out there has to be careful and that has restricted or limited or tapped down the willingness of people to participate . And you really are, its kind of ironic because we want all the Free Enterprise system, but the regulatory scheme and saying ive adapted to that, buys you the opportunity to participate in the market in a way that the other Financial Institutions participate . I couldnt agre
And then the company suck. Com ad gets founded and somebody sets up a fake Facebook Page and pretends to be that company and that Company Loses significant reputation when they choose to stick their head in the sand ann not engage and not Pay Attention to whats happening. Th so my concern, with not getting into regulating this area and being interested in what happens here, is that it will be it could eventually affect our Financial Systems reputation. U. And i understand that. My point is frequently in thesen situations, we think about how t were going to fix it, or facilitate it when we maybe we should leave it alone and warn r people, youre on your own. I think from a consumer a perspective and a user perspective, that this is where we are. Is and i think thats a very fair , point. Stions. Well, we are all left with ao lot of questions. Were going to turn to senator n schumer. First to followup on some of those questions, the separationb of the Payment System to the banking system,
Working hard to resolve the situation. We sent stuff to europe last week. It took five days to arrive, it arrived dead and rotten. ,. , arrive, it arrived dead and rotten. ,. ,. ~ rotten. Government is tackling this issue. Rotten. Government is tackling this issue, dealing rotten. Government is tackling this issue, dealing with rotten. Government is tackling this issue, dealing with it rotten. Government is tackling this issue, dealing with it as i this issue, dealing with it as quickly this issue, dealing with it as quickly as this issue, dealing with it as quickly as possible and the key is, we quickly as possible and the key is, we have got our fish back, they is, we have got our fish back, they are is, we have got our fish back, they are british fish and they are better and happier fish for it lets return to our top global story. As youve been hearing, president Electjoe Biden has unveiled a massive stimulus package to rescue the us economy and speed up the response to the pandemic
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