Barney Frank: “I do want to say, in defense of the regulators, that they are, to some extent, damned if they do and damned if they…”

Protection and advocacy Agencies, which are Federally funded entities charged with enforcing the rights of persons with disabilities.

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.

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