Political Quotes

“I reserve the balance of my time. Mr. McHENRY. Madam Speaker, I yield myself such time as I may consume. Mr. Speaker, I thank my colleague, Mr. Lynch, for his leadership on this important issue and the issues of financial technology. Frankly, one of the healthier conversations we get to have on the Financial Services Committee is on the nature and the deployment of the technology. It is neither the pure conversation of less or more regulation. It is a completely different scope of what we are doing in terms of laws that ensure that we have financial inclusion and allow offers for products to be cheaper, more affordable, and more widely distributed across the country. So I think this is a healthy thing for us to have this conversation on the Financial Services Committee. This bill today is an important working group between the CFTC and the Security and Exchange Commission. That conversation between these two agencies, I hope, will bring us a new permissive regulatory framework for digital assets here in the United States and allow for the wider deployment and development of cryptocurrencies and all the technologies that are underlying those cryptocurrencies, those huge opportunity sets for American consumers in the development of these new assets in this first generation, but also the wire deployment of these technologies, whether it is in driverless vehicles or in the nature of how we interact with each other in the financial markets.…”