I really believe that that idea of the whole-of-Government when it comes to enforcement, when it comes to commerce, that we need to sit down and stop playing checkers and start playing Go.
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I think if you were to eliminate those, you would open a wide door of intellectual property theft.
I can tell you that the lack of certainty and the risk of having your IP rights stripped has an absolute chilling effect on businesses.
I want to hear from someone who thinks that TRIPS waivers are a good idea.
A strong, reliable, and predictable IP right is paramount to incentivizing U.S. innovation and creativity.
The most notable threat, of course, is the Chinese Communist Party.
The American people want democratic access to capital, with retail investor participation.
Your record of failures to protect investors and abuses of power make it clear that we need to restructure the Securities and Exchange Commission.
And once again, I think you are trying to hide behind things for either a lack of willingness to be candid about it, or you are trying to obfuscate your oath of office, which was, 'well and faithfully.' This committee is not happy with…
The market does not see it. Your regulatory actions and the CFTC's regulatory actions say that there is a great deal of uncertainty here.
There is a lack of clarity here in the marketplace. Can you at least agree to that?
Do you think it serves the market for an object to be viewed by the commodities regulators as a commodity and by the securities regulators as a security?
I can't believe that this committee is rushing to take off more guardrails when we should be adding them.
Chair Gensler, your responses to congressional inquiries have been unacceptable.
This raises serious concerns that the rulemaking process is being rushed, undermining the quality of our securities laws.
Our goal is to make a law, and we expect you to play a constructive role in that process.