Richard Blumenthal actually said...

"I firmly believe that you will solve this problem because you have been so effective at solving similar issues."

"I appreciate that. And what would you say to people who might complain that it discourages unbanked or underbanked people from engaging in legitimate transfers?"

"Well, I think we are discouraging the fraudsters from engaging in transactions."

"I view today's hearing as a cooperative effort, cooperative between this panel and our DOD, in seeking to address a problem that ought to have zero tolerance, literally zero tolerance."