Jim Himes

There are some really important risks, and you have highlighted them, associated with a CBDC.

So, Dr. Brainard, I worry about this.

We would be making a terrible mistake if we stood in the way of innovation because the problems of today don't actually indicate where this may go.

At what point should this committee get focused on the possibility of systemic risk?

I feel the pain of those who lost money, but this is also an education for people who thought that Bitcoin grew to the sky.

I am in the minority of panel members who were here when that legislation was crafted, and I very much remember how it was sort of the ugly stepchild legislation coming out of 2009.

We are laser-focused on addressing inflation.

Clearly, inflation is a very substantial issue, and I agree with the President's assessment that it is really the number-one economic issue that faces the Administration and the nation.

I hope that the Keep Your Keys Act will feature prominently, which protects the ability of the ordinary citizen to continue to own digital assets and, frankly, self-custody.

I want to associate myself with Mr. Williams' comments.

I think you are going to find this is going to be one of the most expensive regulations ever imposed on American business.

Today, I am pleased that we will continue discussing these bills and other proposals to target financial crime schemes.

Lately, this committee has focused hard on cracking down on oligarchs and other bad actors looking to hide their ill-gotten gains through financial channels.

At a time when the international community is united in imposing severe sanctions on Russia for its unprovoked attack on Ukrainian sovereignty and democracy, a strong, well-resourced FinCEN is more important than ever.

A national rate cap is necessary, and especially urgent given the challenging times that we are facing.

Predatory loans, including payday, auto title, and high-cost installment loans, are a debt trap.

We must show the Russian people that the nation of Tolstoy and Tchaikovsky will be completely isolated with a stone-age economy as long as they are governed by a butcher.

As we speak, Russian troops are raping women, they are murdering military-aged men, and they are targeting children in Ukraine.

It is time--in fact, it is past time for all of us to lead on creating a regulatory environment in which we, rather than the world's despots, terrorists, and money launderers, benefit from the emergence of cryptocurrency, including a…

Probably the most effective tool we have deployed against Putin's outrageous attack on Ukraine is the sanctions on the Russian central bank and the freezing of Russian foreign reserves.

Don't you believe that it should be at the very core of the IMF or any financial risk institution to take into account projections of risk associated with climate change?

I hope that is not true, but let's stipulate that it is true.

I fear, Mr. Chairman, that the IMF has lost its way.

I really do think our sole job right now is to figure out how to adequately regulate instruments which can be very, very safe or potentially very, very risky.

I appreciate the way--and we have had a couple of conversations about this--you are thinking flexibly.