Moving forward, we must take a thoughtful bipartisan and balanced approach that protects consumers and promotes innovation and opportunity.

Now the crypto industry explains that they are amazingly innovative and creative, but they just could not possibly figure out a way to comply with the same anti-money laundering rules that everybody else follows.

We must hold companies that harm consumers accountable, but we must empower consumers through financial education.

So big time financial criminals love crypto.

Look, the rules should be simple. Same kind of transaction, same kind of risk means the same kind of rules.

Senator Roger Marshall and I are reintroducing our anti-money laundering bill, to clamp down on crypto crime.

Moving forward, we must take a thoughtful bipartisan and balanced approach that protects consumers and promotes innovation and opportunity.

The American people deserve to know why no action was taken prior to FTX's collapse and how millions of dollars of Americans' hard-earned money just vanished into nothing.

the current rules do not cover big parts of the crypto industry, and crypto likes it that way.

To date, the SEC has failed to take any meaningful, preemptive action to ensure this type of catastrophic failure does not happen again.

So in other words, crypto helps those drug traffickers and rogue States launder money nearly instantaneously.