"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?"
"There is a lack of clarity here in the marketplace. Can you at least agree to that?"
"The market does not see it. Your regulatory actions and the CFTC's regulatory actions say that there is a great deal of uncertainty here."
"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..."
"I will finish with this: We need competent financial supervisors, but Congress can't legislate competence."
"Today, let us put aside the pre-baked narratives that have dominated the political discourse."
"You have been on the job at the Federal Reserve for less than a year. You came to the job well-qualified."
"Today, we are confronted with the results of 10 years of too-loose monetary policy and recent wildly-excessive spending."
"We need insight into the decisions and decision-making processes of the financial regulators related to the 2nd- and 3rd-largest U.S. bank failures."
"I am concerned that the FDIC has deviated from its statutory requirement to minimize costs here and, instead, has opted to pursue a lazy and destructive regulatory campaign to, in fact, oust digital a..."
"I hope you hear this clearly, not as a partisan act, but as a sincere concern."