Richard Shelby actually said...

"Chairman Gensler nonetheless owes the public, I believe, a full accounting of how they failed to protect those customer assets in the first place."

"Where was the SEC here? Did they know what was going on? And if not, why not?"

"So you really did not know what was going on or the problem with the trade until you read the press reports like all of us?"

"We need regulators who are willing to explain their actions rather than run for the hills."