"So in seeking to develop a payments platform internally, before you handed the technology over to the association for Libra, was that because of examples globally of competitors creating payments platforms?"
"Today is a trial on American innovation. There is a growing concern about the role that technology plays in our lives."
"I want to thank you for holding this hearing today in this hearing room in the light of the public."
"I think we need to innovate as a country in order to keep on ensuring that we can do that."
"I have serious concerns about the structure of Libra and its establishment outside the United States."
"Clarity is incredibly necessary in securities law."
"the question is, are we going to spend our time trying to devise ways for government planners to centralize and control as to who, when, and how innovators can innovate?"
"are we going to spend our time building a brighter future for Americans or trying to tear each other apart?"
"As lawmakers, it is our responsibility to explore all aspects of a platform like Libra that has the potential to impact so many."
"We can compete and excel beyond China not despite our freedoms, but because of them."
"Unfortunately, my colleagues have offered several proposals in conjunction with this hearing that could have a tremendously harmful impact on innovation in the United States."