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

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

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

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

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.

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

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.

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

So big time financial criminals love crypto.

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

The crypto market took in $20 billion last year in illicit transactions, and that is only the part we know about.