The cost of having regulation, and these markets go off, sure, which is happening, it is real.
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I find myself pretty skeptical of that argument, that inaction is what the day calls for.
I want to thank the Chairman for putting this together, because I know some others were saying that we have hit on this pretty hard.
I have a tremendous amount of faith in your leadership and your ability to advise us as we push forward on this.
Yes. I guess one of the questions I have is, as we identify, of the 20,000, which ones are, for lack of better terminology, of the regulatory framework?
I have mixed feelings about what the right thing to do here is, candidly. Crypto to me is clearly not a security.
Well, I will tell you, it is very important that we make sure that we provide you with sufficient funding to do this very much needed job.
I think the provision that outlines a period of provisional registration--the way I view it is it really is holding back the CFTC.
What will be the effect of providing no additional funding resources to the SEC and the CFTC to implement this proposal?
The CFTC needs and deserves more funding, particularly at this critical time.
It is our hope that we will have a bipartisan, joint committee legislative proposal.
I have a bill that I have introduced every Congress, and I will be introducing again I believe this week or next, which is a balanced budget amendment to the Constitution that requires Congress to balance within 10 years.
I think we need a Constitutional amendment to force us to do that, and I think we can get there.
Did you know that there are over half a million homeless people in the United States today?
Now that we have an app to organize the illegal invasion into America so that everyone gets accepted, they have a time to come in.
Let me tell you how great it is for people that are coming into our country that are not American citizens.
You would think that to keep track of imports coming into our country, trucks, agriculture, goods, whatever is bringing into the country, that is a really important fact and figure to keep track of.
I call it illegally, because I feel like a lot of them are in our country illegally.