Barney Frank: “I continue to be very concerned that the Federal Reserve will unduly restrict economic growth by overreacting to the…”

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.

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.

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