tim massad joins us next.how am i going to find a doctor when i'm hallucinating? what about zocdoc? so many options. yeah, and dr. xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. abigail: this is bloomberg markets. i am abigail doolittle. your looking at a live shot of the principal room. that is coming up at 12:00 eastern and 5:00 london. this is bloomberg. ♪ katie: it is time for our daily "wall street week" conversation. the senate banking committee is looking at ways of advancing stablecoin legislation that would mandate 121 reserves -- one to one reserves. national security concerns remain. tim massad joins us with david west and. stablecoins are a hot topic. david: it is great to have you back. we have talked about stablecoins and the risks. you have another concern you have written about. tell us about the possible national security implications of stablecoins. tim: the issue is stablecoins can be transferred without going through ban