"Our country is suffering from an inflation problem, plain and simple. Driven by the economic mismanagement of this Administration, inflation is the underlying cause of the volatility we are experiencing now."
"The Federal Reserve was late to the game in responding to inflation, and they admit it."
"When Democrats forced through their partisan $2-trillion so-called American Rescue Plan, they lit the fuse on runaway inflation."
"I think the reason why both reports conclude that the Fed failed to adequately escalate is because the Fed itself is delaying implementation of the enhanced supervisory standards."
"I do want to revisit the issue of the policy recommendations of more regulations, but I also want to ask why the report, your report, says nothing that I can see about monetary policy mistakes?"
"So the innovation happens somewhere else, the value accrual and the jobs accrue somewhere else."
"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..."
"Congress must act. And it is imperative that we do act."
"The current Securities and Exchange Commission approach to disclosures doesn't work for digital assets."
"To quote Senator Gillibrand, 'Establishing a regulatory framework that spurs innovation, develops clear standards, develops appropriate jurisdictional boundaries, and protects consumers.'"
"The CFTC needs additional authority over non-security digital assets."