David Scott said "I think of any number of companies that have experienced Gary Gensler's, 'Hotel California,' approach to crypto regulation where there is no path to leave." @ PoliticalQuotes.com

On the recordMay 9, 2023

I think of any number of companies that have experienced Gary Gensler's, 'Hotel California,' approach to crypto regulation where there is no path to leave.

Said by

David Scott

Democratic · Georgia

Source

congress.gov

Editor's note · Context

David Scott criticizes Gary Gensler's crypto regulation as restrictive.

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Apr 30, 2024

Can you express with full confidence that all banks above $50 billion in assets have access to sufficient liquidity to guard against unexpected deposit overflows from uninsured depositors?

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Do you see any dangers? Because this is a pretty large differentiation between the results and activities.

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I have been in touch with our friends at CME and ICE clearinghouses, and they are very much concerned about this issue.

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Thank you, Mr. Chairman. And keep doing your excellent work.

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