if Tether's tokens were actually backed one to one it would be one of the 50 largest banks in the country, but we know that it is not.

The only ones who tend to walk away unscathed are the big guys--it is always the big guys--the ones who call it innovation and then line their own pockets.

DeFi is the most dangerous part of the cryptoworld.

the report that 10 percent of Tether's stablecoins are backed up by dollars is not actually verified by a comprehensive, audited financial statement or verified by any Government regulator.

The time to act is before it all blows up.

Our regulators need to get serious about clamping down on these risks before it is too late.

Stablecoins, cryptomarkets are not actually an alternative to our banking system; they are a mirror of the same broken system with even less accountability and no rules at all.

The real threat to our global competitiveness is regulators who ignore clear warning signs.

In troubled economic times, people are most likely to cash out of risky financial products and move into real dollars.

What makes America, though, the strongest economy in the world is not wild betting in the financial sector. It is our workers.

If we can make this exception here, why not make it in other places.

We need to get build back better done. We have talked and talked and talked and talk. It`s not as if we need to talk some more to figure out what this bill is about and what it does. We don`t need more delay.

Finance is a world that has been hostile to or unwelcoming to women and people of color.

I feel an extraordinary urgency. We saw how Don McGahn used the courts and delay, delay, delay to not allow us to hold him accountable.

Enough is enough. Each day that passes without meaningful accountability, we risk normalizing this behavior and endangering the lives of our Muslim colleagues, Muslim staff and every Muslim who calls this country home.

The problem is clearly a systemic one. Hiring women and people of color into a hostile environment where they promptly leave, traumatized, is not the progress that we are aiming for.

I just want to remind people that this is the Subcommittee on Diversity and Inclusion.

It is a shame that it`s taken so long. It is a shame that she, a black woman, is now having to step in for other black women and other people of color to make the workspace safe for them, to call this out and demand the accountability that…