Barney Frank: “I want to say thank you for providing leadership on this important issue.”

We should have made it much higher, $125 billion or more, and we should have indexed it.

Congress generally, and this subcommittee in particular has historically played a critical role in strengthening accountability at the World Bank.

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.