Political Quotes

“The industry, the custody industry, the big banks that hold these crypto assets simply asked for a little correction, a little clarity, a little information. The Republicans are taking advantage of this, and this is the first crypto bill that Republicans are bringing to the floor today, and it would do what the majority always attempts to do, and this would actually reverse SEC guidance that provides clarity on accounting standards specifically for crypto assets. Not only that, but it would undermine the SEC's ability to provide clarity on crypto in the future. That is why the administration sees this bill for what it is and has advised us that they would veto it. Mr. Speaker, I reserve the balance of my time. Mr. McHENRY. Mr. Speaker, I yield 3 minutes to the gentleman from Ohio (Mr. Davidson), the chair of the Housing Subcommittee, the vice chair of the Digital Assets Subcommittee, and a longtime leader in digital innovation and digital assets.”