If the gentleman has no more speakers, I am prepared to close. Mr. McHENRY. Mr. Chair, I yield 1 minute to the gentlewoman from California (Mrs. Kim).

It is no mystery why the crypto industry prefers to be regulated by the CFTC rather than the SEC. Let's start with the substantial differences in funding and staff for the CFTC compared to SEC. In 2023, the CFTC employed roughly 680…

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

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, may I inquire how much time is remaining. The Acting CHAIR. The gentleman from North Carolina has 7 minutes remaining. The gentlewoman from California 4 has minutes remaining. Mr…

I continue to reserve the balance of my time. Mr. McHENRY. Mr. Chair, I yield 1\1/2\ minutes to the gentleman from Ohio (Mr. Davidson), who is the vice chair of the Individual Assets and Financial Technology Subcommittee and the OG, as…

I also include an excerpt from Coinbase's Form S-1 filing acknowledging the risk that Coinbase could be found to be illegally acting outside of securities laws, excerpts from the SEC's complaint against Coinbase alleging that Coinbase was…

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…

The President states that the resolution before us would ``disrupt the Securities and Exchange Commission's work to protect investors in crypto-asset markets and to safeguard the broader financial system.'' This statement not only explains…

I include in the Record a Statement of Administration Policy from the White House. Statement of Administration Policy H.J. Res. 109--Congressional Disapproval of ``Staff Accounting Bulletin No. 121'' Issued by the Securities and Exchange…

This bill does far more than implement targeted modifications, as this letter proposes. This CRA resolution would overturn all of SAB 121, not just the part that this special interest group has complained about. Mr. Speaker, I am curious…

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…

I reserve the balance of my time. Mr. McHENRY. Mr. Speaker, I yield 3 minutes to the gentleman from North Carolina (Mr. Nickel), my good friend and colleague, and a great leader in digital assets.

This is my response to the gentleman from Nebraska. My Republican colleagues have claimed that the SEC failed to consult with prudential regulators on SAB 121, but if this resolution is passed, the SEC will effectively be barred from…

Mr. Davidson entered a letter into the Record from several bank trades. What he did not mention was that the banks only asked for target modifications when they wrote about this legislation. In fact, in that letter, they supported the…

The sponsor of this bill, Mr. Flood, has asked what the alternative to this CRA resolution would be, and that answer is very simple: Draft a bill that narrowly addresses the current question about how this guidance applies to banks. The…

the Defense Production Act, or DPA, is an important tool that ensures our country is prepared for and can respond to any security threat that may arise.

there are security threats coming from the former President of the United States almost every day. He talks about violence if he is not elected.

If mergers like these continue, we will be left with only a handful of megabanks that will be empowered to fleece everyone.

I and many others are strongly opposed to that merger, and it is important that the OCC... conducts robust due diligence.

Wells Fargo has taught us a lesson. Wells Fargo is the 4th largest bank, and we know that they are too-big-to-fail.

I urged the government to block it, and led a letter with 15 Committee Democrats to the bank regulators to immediately strengthen their merger reviews.

As bank mergers continue to be rubber stamped by regulators, people across America pay the price through higher junk fees and predatory actions.