We have to bring everybody along with us, including the unbanked and underbanked. And until we have that done, we cannot move ahead and be functionable for all Americans.

How would a Fed-backed digital currency address the various reasons that our low-income consumers say why they are unbanked?

You suggested that if the Federal Government had the option of providing digital cash, people without a bank account could have received relief payments faster and more efficiently.

I am also worried and concerned about the failure of us having financial education to educate people.

I am gravely concerned about the potential of this proposal to upset international agreements.

This is important. Ladies and gentlemen, this is important.

I think crypto is here to stay. I think America needs to be on the forefront of it.

the ftx proposal--ledgerx llc d/b/a ftx us derivatives

I feel personally that this could be a serious threat, particularly to our derivatives market and our cross-border dealings.

I have a tremendous love and admiration for our great financial system.

The crypto market is now larger than the subprime mortgage market was when it triggered the global financial crisis.

I have a tremendous respect, love, and admiration for our great financial system.

We must consider the potential of this model to expand into other derivatives markets.

I believe that we must take great caution to preserve and protect our financial system.

The NGFA commends the CFTC for undertaking a public comment process and for facilitating a roundtable discussion.

And this is why, in the next farm bill, I will continue to be committed to protecting and preserving SNAP, to ensure that it will continue to serve as our nation's frontline anti-hunger program for many decades to come.

SNAP has worked as it should, serving as an economic stabilizer for our nation.

It addresses the food insecurity of those most in need in our country.

SNAP is one of the most impactful programs that we work on in this Committee.

This hearing was inspired by what has been happening to those family farms and the purpose of the hearing is so that we can hear what those farmers have to say.

Farmers and ranchers need Congressional action to combat monopolies and provide fairness in the marketplace.

Like many of my colleagues have stressed before me, greater transparency and competitiveness in cattle markets are the concerns I hear most from our farmers back in my district.

I do not have any forgone conclusions on the subject of today's hearing, but I am alarmed at the serious allegations out there.

I am concerned that in the last forty years this country has lost its grip on the 'free market' component of capitalism.

The family farmer is an essential part of this country and its food system.