The U.S. financial system is indeed, as a number of you have said, the envy of the world and a source of strength, not only economically, but in international relations, and in the geopolitical sphere.

I believe there are benefits to hosting a joint forum like this between members of our subcommittees to consider policy questions around digital assets and allow all stakeholders to have a seat at the table.

While FTX may be headquartered offshore, the circumstances surrounding its collapse strongly point to the need for developing thoughtful regulation to protect U.S. investors.

I am concerned that if we do not change up the way we are doing things here, even the most ordinary systems are now targets of Chinese hackers.

We are outnumbered like 50 to 1 in terms of... even if we put everybody on cybersecurity in the U.S. Government just on China.

We are spending about $100 billion a year on cyber systems, although 80 percent of that... is actually going to maintain legacy systems.

the SEC first warned investors of the dangers of investing in crypto back in 2013

the SEC has won every single one of those 130 cases that they have brought under existing law

stablecoins are not stable.

the landscape of stablecoins has changed considerably in recent months.

It cannot be left to individual airports to transition away from leaded avgas--there must be a nationwide mandate as soon as possible.