I would say with billions of dollars already operating in this environment, with minimal fraud, that it shows that light touch regulation, transparency, basic rules of the road, would be sufficient, can be sufficient to that end of mitigating fraud.
McHenry argues that existing regulations are effective in reducing fraud in crowdfunding.
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That is why House Republicans will pass a resolution this week to protect small businesses' access to affordable credit by rescinding this burdensome and overly-complex rule.
I think the viable question for the American people is whether or not you have a progressive prosecutor using the justice system to go after political enemies for a political splash.
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