Carolyn Maloney actually said...

"However, we cannot simply eliminate them. That would result in chaos."

"They are pouring their life savings into virtual currencies and they stand to lose a lot of money when this bubble eventually bursts."

"I am extremely concerned about virtual currencies because a lot of average people are using it and believing that it is an investment tool."

"Some people are treating these things as investments, not as currencies. And that is a huge problem because there are no investor protections like we have for stocks and bonds."