If I want to transfer crypto to somebody, and they want to buy a sandwich with it, I have to take my dollars, pay a fee, and convert it to crypto.
Brad Sherman
The Public Record
Brad Sherman is an American politician serving as a member of the United States House of Representatives from California's 30th congressional district since 1997. A member of the Democratic Party, Sherman has focused on various issues including financial regulation, foreign policy, and technology. He has been an advocate for consumer protection and has worked on legislation related to economic stability and national security. Throughout his tenure, he has participated in numerous congressional committees and has been involved in significant legislative efforts.
Can you think of anything that crypto adds to people doing honest transactions in conformity with U.S. law?
A currency is supposed to be a store of value, and a medium of exchange, and a measuring stick of value.
I will just point out that in addition to the Abrahamic Accords, the Biden Administration's brokerage of an agreement with Lebanon... they may not be Abrahamic but they are important.
I commend the ranking member for bringing up the debt limit and the harm that it has already done to our economy.
I think we have the answer to this question in that inflation is considerably higher in the eurozone than it is in the United States today, and it is very hard to say that Joe Biden is responsible for inflation in Germany.
I commend the President. He is going to issue a budget plan tomorrow, and perhaps in their time, one of our Republican colleagues can tell us when the Republican budget plan will be released.
There are millions of companies that are private that should stay private. I couldn't agree more.
I am hoping that we won't just be talking about 30 bills, but even more with Democratic chief authors.
Last year, along with Mr. Huizenga, I introduced a bill that would help those companies get capital and then put their capital into small businesses.
What we need is for our banks to able to have a portion of their loans, a portfolio with some risk of default and some risk of loss.
There are a few dozen, just a few dozen that we should encourage to become public.
Most ideas shouldn't be funded. I have a dozen ideas every day, most of them bad.
The most important thing we can do is manage our own economy well, and that starts by paying our debts.
I want to associate myself with the comments of the ranking member, first, that we have to watch for xenophobic attacks on Asian-Americans.
I think we talked privately about Dodd-Frank Section 1071, which requires financial institutions to compile and maintain and submit data to you...
I am going to try to sneak in one more question, and that is on appraisal management companies.
I look forward to next year when I am sure the then-Majority will have Mr. Gensler here.
We have to have a contingency plan should the Ethiopian Government fail to meet its conditions under these agreements.





