I encourage everyone to take a look at my bipartisan bill, the Securities Clarity Act, which amends securities law with a new definition, the investment contract asset, so the SEC can work with issuers to swiftly determine when a token is offered as part of a securities contract and when it is not.
McHenry promotes his bipartisan bill to clarify securities law for cryptocurrencies.
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Broad and material changes to the Basel III Endgame necessitate a full reproposal. Full stop.
FSOC's purpose is straightforward: to identify risks that could impact our financial stability; to promote market discipline by eliminating expectations of bailouts; and to respond to emerging threats.
We need to get to the bottom of whether or not this is a supervisory problem, a regulatory problem, a bank mismanagement problem, perhaps all three.
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