Patrick McHenry actually said...

"Yes. That is the same conclusion we reached in our own report."

"However, if we fail to provide a functional framework for digital assets in this country, all we are doing is forcing this activity to happen in an offshore exchange, rather than in a nicely-innovativ..."

"The CFTC needs additional authority over non-security digital assets."

"To quote Senator Gillibrand, 'Establishing a regulatory framework that spurs innovation, develops clear standards, develops appropriate jurisdictional boundaries, and protects consumers.'"