Barney Frank: “The lack of regulation is unequivocally, clearly, undebatably the reason that we have the economic crisis we have today.”

For example, there are key differences in product characteristics between payday, car title, and other high-cost secured loans and more traditional closed-end unsecured lending and related products, and the products are often regulated…

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

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

Yes, I was frankly struck that Mr. Labrador went to such great pains to deny this.