09/18/2023
https://congress.gov...
"But let me be very clear. This hearing is not a partisan attack on the Securities and Exchange Commission or the banking regulators."
"Wouldn't it be better for Congress to do something novel and actually create a regulatory sandbox?"
"We pat ourselves on the back. We say these programs work. We have no idea of efficacy."
"I do agree with you, if you hand it to the existing regulators, it will have a tremendous gravity to end up with the same market structures that we have today."