Frank Pallone actually said...

"While some members surely have heard of Bitcoin, few have likely heard of the recordkeeping software underpinning it called blockchain."

"I look forward to hearing from all of our witnesses about the current and future uses of crypto-currencies and the blockchain, and the consumer protections that go with them hand in hand."

"Crypto-currencies can offer advantages to underbanked and unbanked populations, especially in regions where state-backed currency is consistently unstable."

"opening statement"