"Digital assets are here to stay. This ecosystem has been denied legal clarity for too long..."
"We need to have a Federal regulatory regime for stablecoins."
"That uncertainty is bad, is it not?"
"Congress must provide clear rules of the road for the digital asset ecosystem because the regulators cannot agree."
"And once again, I think you are trying to hide behind things for either a lack of willingness to be candid about it, or you are trying to obfuscate your oath of office, which was, 'well and faithfully..."
"Our goal is to make a law, and we expect you to play a constructive role in that process."
"I can't believe that this committee is rushing to take off more guardrails when we should be adding them."
"Regulation by enforcement is neither sufficient nor sustainable."
"Chair Gensler, your responses to congressional inquiries have been unacceptable."
"Do you think it serves the market for an object to be viewed by the commodities regulators as a commodity and by the securities regulators as a security?"
"This raises serious concerns that the rulemaking process is being rushed, undermining the quality of our securities laws."