"Cryptocurrencies are already democratizing finance by lowering costs and expanding access to an industry that has historically been hard to reach."
"If we want the center of innovation to remain right here in the United States for the benefit of American workers and American families, Congress should focus on creating clarity around how existing r..."
"there is always going to be a temptation here in Washington to expand the Federal Government's reach."
"the technology behind cryptocurrencies, meaning, again, blockchain, is something that is going to create a wealth of new opportunities."
"Rigid one-size-fits-all regulation is something that is kind of scary, especially when it is targeted at the cryptocurrency."
"If we can resist centralizing power in Washington, as has long been the impulse of Democrats and Republicans alike in this town, and instead preserve the space for American innovation to flourish."
"The proper role of government is to empower innovation through clear rules with a light touch."
"Because they are based on a new technology, they could offer some real advantages, it seems to me, to lower-income customers."
"But as you have pointed out, the industry is, in fact, already regulated."
"In fact, for these very reasons aren't there ways in which crypto markets are always improving consumer safety and reducing financial risk?"
"Sometimes when Congress discusses cryptocurrency, you see concerned faces. You see sometimes people reflecting a certain degree of fear or anxiety."
"If we ban some of these privacy features in cryptocurrencies or if we regulate them to death, how might we be precluding or missing out on some of the beneficial innovations that require privacy prote..."