Political Quotes

“This amendment illustrates the problem. A commodity other than a digital commodity, but any commodity can become a digital commodity, or you can have a contract or a derivative tied to the physical commodity that now becomes a digital coin. We are told that the bill does not allow stocks and bonds to be digital assets, but it does allow them to be defined as investment contracts. If you get defined as an investment contract, you are without regulation. As to the underlying bill, keep in mind, the administration opposes it, and three-quarters of Democrats voted against it before it got much worse. The bill got much worse a few weeks ago. If you studied it before then, and I know the bill has been out there since July of last year, your analysis won't show you how this bill now allows digital crypto to go without regulation and opens the door to taking our traditional stocks and bonds out from the SEC. Vote ``no'' on the amendment, but especially vote ``no'' on the bill. The Acting CHAIR. The question is on the amendment offered by the gentleman from Pennsylvania (Mr. Perry). The question was taken; and the Acting Chair announced that the ayes appeared to have it.”