13 We are committed Lael Brainard, “Digital Currencies, Stablecoins, and the Evolving Payments Landscape” (remarks at The Future of Money in the Digital Age, Sponsored by the Peterson Institute for International Economics and Princeton University’s Bendheim Center for Finance, Washington, D.C., October 16, 2019), https://www.federalreserve.gov/newsevents/speech/brainard20191016a.htm.
13 Lael Brainard, “The Digitalization of Payments and Currency: Some Issues for Consideration” (speech at the Symposium on the Future of Payments, Stanford, Calif., February 5, 2020), https://www.federalreserve.gov/newsevents/speech/brainard20200205a.htm. 12  -9-  to building an instant payment system that delivers the payment speed that users want without bypassing the legal and regulatory protections they have come to expect from banking relationships.