I really, I want to thank this Committee for the approval last week of the funding the SEC at the levels that you just mentioned.

Thus, I just want to--the testimony that I submitted for the record is the full President's budget request.

We are a disclosure-based regime, and so when the investing public is anticipating profits based on the efforts of others, it is best that those others, you know, give full, fair, and truthful disclosure.

If this committee were to see fit, and want us to have more resources, we could use them.

I am concerned that the SEC has moved well beyond its role as a market regulator, and is seeking to make policies that are both beyond its authority and destructive to our economy.

The SEC now, though, is just about 3 percent larger than it was 7 years ago, in 2016, in terms of headcount.

I am concerned that the SEC has moved well beyond its role as a market regulator, and is seeking to make policies that are both beyond its authority and destructive to our economy.

If this committee were to see fit, and want us to have more resources, we could use them.

The investing public, not just here in this country, but around the globe, has taken an interest in these crypto assets.

Our goal at the SEC is to bring the field into compliance within the Securities Law where these tokens--and not prejudging any one of them--where they are securities.

I really, I want to thank this Committee for the approval last week of the funding the SEC at the levels that you just mentioned.

Our goal at the SEC is to bring the field into compliance within the Securities Law where these tokens--and not prejudging any one of them--where they are securities.

We are a disclosure-based regime, and so when the investing public is anticipating profits based on the efforts of others, it is best that those others, you know, give full, fair, and truthful disclosure.

Rife with fraud, scams, and abuse.

Well, what do you say to the person who has to defend themselves in one of these messaging cases? Do you apologize? Do you thank them?

The investing public, not just here in this country, but around the globe, has taken an interest in these crypto assets.

Thus, I just want to--the testimony that I submitted for the record is the full President's budget request.

The SEC now, though, is just about 3 percent larger than it was 7 years ago, in 2016, in terms of headcount.

It is a field that is rife with fraud, scams, and abuse, and there are a lot of actors in this field that are international, offshore, but they are still tapping on the American public's wish for a better future.

I am concerned that the SEC has moved well beyond its role as a market regulator, and is seeking to make policies that are both beyond its authority and destructive to our economy.

I think that we have robust authorities at the SEC.

Our goal at the SEC is to bring the field into compliance within the Securities Law where these tokens--and not prejudging any one of them--where they are securities.

Well, what do you say to the person who has to defend themselves in one of these messaging cases? Do you apologize? Do you thank them?

The whole field has hurt more Americans than it should.

The investing public, not just here in this country, but around the globe, has taken an interest in these crypto assets.