I reserve the balance of my time. Mr. McHENRY. Mr. Chair, I yield 1 minute to the gentlewoman from Utah (Ms. Maloy).

It seems that Republicans remain focused on CBDCs when, as I have explained, the CBO has pointed out that the definition of CBDC in this bill can be interpreted to include bank reserves held by the Fed. Bank reserves are used as the…

I am surprised by my friend Representative French Hill. Representatives French Hill and Bill Foster sent Fed Chair Jay Powell a letter on CBDCs stating: The Federal Reserve, as the central bank of the United States, has the ability and the…

This bill is opposed by the following organizations: Americans for Financial Reform, Demand Progress, Public Citizen, and Take on Wall Street. Mr. Chair, I reserve the balance of my time.

According to an analysis written by Jaret Seiberg with TD Cowen, published today, May 23, 2024: We do see risk in the House looking today to pass a related bill that would ban the United States from launching a digital dollar. We view such…

I reserve the balance of my time. Mr. McHENRY. Mr. Chair, I yield 1 minute to the gentleman from Texas (Mr. Williams), the chair of the Small Business Committee and a great leader for business in America, capitalism, and freedom.

I reserve the balance of my time. Mr. McHENRY. Mr. Chair, I yield 1 minute to the gentleman from Nebraska (Mr. Flood), a leader in digital assets.

This amendment, like the underlying bill, is dangerous and rash. It would prohibit the U.S. from even training for a race that has already begun. Mr. Chair, I urge my colleagues not to cave to baseless fear- mongering. I have already…

In closing, I urge my colleagues to oppose this amendment and the underlying bill, and I yield back the balance of my time.

I claim the time in opposition. The Acting CHAIR (Mrs. Bice). The gentlewoman from California is recognized for 5 minutes.

I reserve the balance of my time. Mr. McHENRY. Mr. Chair, I yield 1 minute to the gentleman from Wisconsin (Mr. Steil), the chair of the House Administration Committee and a great member of the Financial Services Committee on innovation…

I reserve the balance of my time. Mr. McHENRY. Mr. Chair, I yield 1 minute to the gentleman from Utah (Mr. Curtis).

I thank the gentleman from Texas for attempting this amendment. As a matter of fact, there have been any number of Members from this side of the aisle who have been attempting to amend this bill to try and make it better. While I have…

Under H.R. 4763, crypto that is deemed to be a digital commodity would come under the CFTC's purview, which would include a new explicit authority for the CFTC to regulate crypto spot markets. However, this amendment would ensure that this…

I demand a recorded vote. The Acting CHAIR. Pursuant to clause 6 of rule XVIII, further proceedings on the amendment offered by the gentleman from South Carolina will be postponed. Amendment No. 4 Offered by Mr. Perry The Acting CHAIR. It…

I reserve the balance of my time. Mr. McHENRY. Mr. Chair, I yield 1 minute to the gentleman from Tennessee (Mr. Rose), a great leader on the Agriculture and Financial Services Committees.

I reserve the balance of my time. Mr. McHENRY. Mr. Chair, I yield 1 minute to the gentleman from New York (Mr. Molinaro), who is a leader on the Agriculture Committee.

The bill's supporters have claimed that this bill is necessary to provide legal clarity as to when a digital asset is considered a security and when it is considered a commodity, but this bill is anything but clear. It is 253 pages of…

While I do not oppose this amendment, I will emphasize that the broad deregulatory nature of the not fit for purpose act is such that it would severely weaken our capital markets and make us more vulnerable to bad actors, both domestic and…

I reserve the balance of my time. Mr. McHENRY. Mr. Chair, I yield 1 minute to the gentleman from Michigan (Mr. Huizenga), the chair of the Oversight and Investigations Subcommittee of the House Financial Services Committee.

At the Rules Committee hearing, Republicans revealed their true intentions with this bill. My friend, Mr. Norman, stated, regarding the investors who were defrauded by FTX: I blame the investor. I mean, would I get on an airplane with two…

I reserve the balance of my time. Mr. McHENRY. Mr. Chair, may I inquire as to the time remaining on both sides. The Acting CHAIR (Mr. Van Drew). The gentleman from North Carolina has 16 minutes remaining. The gentlewoman from California…

I claim the time in opposition to the amendment, but I am not opposed to it. The Acting CHAIR. Without objection, the gentlewoman from California is recognized for 5 minutes. There was no objection.

I reserve the balance of my time. Mr. McHENRY. Mr. Chair, I yield 1 minute to the gentleman from Nebraska (Mr. Flood), a great legislator in the innovation space.

I reserve the balance of my time. Mr. McHENRY. Mr. Chair, I yield 1 minute to the gentleman from Kansas (Mr. Mann).