Political Quotes

“this week, we will vote on bills to defund the police, sow the seeds for our next financial crisis, and remove any remaining fig leaf that we might hide behind when we insist that Congress is a coequal branch of government. I am, of course, referring to the highly misnamed GENIUS and CLARITY Acts. Let's dive in. The way a tool is used is the purpose of the tool. If you watch a carpenter use a screwdriver, Mr. Speaker, you can ignore someone who says that those tools are for hammering nails. Crypto has been around since 2009. Watch how people used crypto over the last 16 years, Mr. Speaker. You can ignore anyone who says that this is a tool for legitimate finance. That is because the tool is overwhelmingly used for crime. The Russians use crypto to evade sanctions and fund their war in Ukraine. The North Koreans use it to fund their nuclear program. Hamas used it to fund their October 7 attack. Fentanyl traffickers use it to get paid. All, 100 percent, of ransomware attacks get paid in crypto. That is a really good argument for legislation, and if the crypto industry did not want to hang out with criminals, then they would have welcomed good legislation. These bills are not that. The CLARITY Act would exempt any platform that is the network for crypto transfers from any regulation at all. That might be attractive to my Republican colleagues because Donald Trump's World Liberty Financial is one of those platforms.”