Barney Frank: “SIFFY, as with all due respect some people, including on the committee, have pronounced it, sounds like a disease.”

No one doubts that if a change in administration comes and the new President disagrees with the existing Director, he or she can be removed.

The relationship between elected officials and his or her constituents is paramount.

They shouldn't lose their tax-exempt status but neither should they be able to go for a Federal grant as they would be under this bill.

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