A digital dollar can play a role here by providing an attractive and officially supported alternative.

Americans need trustworthy and affordable ways to store and use their money, not a way to get scammed more efficiently.

This is a bipartisan hearing--in fact, it was Ranking Member Kennedy's suggestion to hold it.

In fact, that is why, except for criminals, most people are holding Bitcoin as a speculative investment.

the amount of computational power and energy for this is a disaster for our planet.

We urgently need more regulation, more funding for regulation.

Big banks are too focused on boosting the multimillion-dollar pay of their CEOs instead of serving their customers.

The FTC has now said that cryptocurrency scams have skyrocketed.

A single Bitcoin transaction--that is, one purchase or one sale or one transfer--uses the same amount of electricity as the typical U.S. household uses in more than a month.

If, for example, Bitcoin--just one of the cryptocurrencies--were a country, it would already be the 33rd largest energy user in the world.

With no cop on the beat, this unregulated market draws in rip-off artists promising massive returns.

We must make sure that the values that are enshrined in the Dollar today--values like individual liberty, freedom of speech, personal privacy, free enterprise and the rule of law--are encoded in the Digital Dollar of the future.

About $1 trillion that this thing dropped.

It is time for our banking system, Madam Chair, as you know, to work as well for everyone as it does for Wall Street.

One of the easiest and least disruptive things we can do to address the climate crisis is crack down on environmentally wasteful cryptocurrencies, and now is the time to do it.

The Government of China, which I have little regard for because it is run by a bunch of pirates.

Congress should authorize the Fed to update our money and payment infrastructure for the 21st century.

We must deliver as Democrats.

Thank you, Senator Warner.

We need to deliver. We need to deliver on infrastructure.

We ran on making change. We made promises to people and it is our obligation to get out there and fulfill those promises.

It’s an economic justice issue and it’s a racial justice issue.

We need to move forward. We need to deliver on our promises. And that means now.

Democracy. If we deliver, then people will show up. If we follow through on our promises, then people will come.

It's absolutely critical that the focus of that reporting be on the wealthy tax evaders.