Mike Thompson: “the Obama Administration strongly opposes this legislation.”

Mr. Speaker, talk about driving off of the cliff. That Florida district where my friend represents is going to drive off of the cliff. Mr. Speaker, 22,000 people in his district will face nutrition cuts, 91,000 people will lose their…

We are not going to stand by idly and watch the Biden administration and Treasury Department sacrifice American tax dollars for political gain.

These families should not have their assets, which are necessary to do their jobs and feed our Nation counted against them.

Additionally, I would further state the following understanding with respect to the ability to offer listed derivatives products on payment stablecoins. By excluding 'payment stablecoins' from the definition of 'commodity' in Sec. 1a(9) of…