Barney Frank: “I never expected, given the subprime meltdown and the number of foreclosures we have, that we would get that kind of…”

One thing that not only Barney Frank, Ms. Barnes and also Sandra Day O'Connor, Justice O'Connor agreed on is that that Kelo decision stripped those three words out of the Fifth Amendment, 'for public use.'

It was because they were banking crypto, not because they were insolvent.

Barney Frank said that he believed that it was a war on crypto that motivated this--not a systemic risk of crypto.

I urge staff to pay close attention to the differences in products offered by nonbank institutions and to be mindful of Congress's intent in financial reform that State consumer protection laws be preserved to the extent possible.