The Senate Committee will come to order. I welcome our witnesses. Todays hearing is in a hybrid format. Members have the option to appear either in person or virtually for those running remotely if your reminders, members already know how to do this, after many times. Please try to minimize background noise, click the mute button. You will have one box on your screen labeled clock that will show how much time of your five minutes is remaining. You will hear a bill ring when you have 30 seconds remember, if there is a technology problem, we will move onto the next witness or senator. The speaking order is at usual, determined by seniority. Of the members who have checked in before the gavel leader in person or remote. Then we go back and forth, republican, democrat. Most people had never heard of cryptocurrency years ago. Many people still didnt know what all these terms mean, from stable coins to nonfungible tokens. But they become a hot topic in washington, wall street come online, am
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Issuing fully backed stablecoins does not create new money. It merely tokenizes existing money. There is no reason to regulate these issuers as if they are banks.
A pair of Cobourg business owners are calling on the municipality to follow Whitby’s lead in integrating a proposed homeless shelter into a well-established business and residential neighbourhood just outside of Cobourg’s downtown district.