Ritchie Torres actually said...

"Offshore, deregulated, over-leveraged companies, like FTX, carry the greatest risk of losing customer funds."

"If the United States continues driving crypto offshore, there will be more offshore companies, more companies in the offshore deregulated mold of FTX."

"There is a long tradition of dual regulation. Just like banking has both a Federal option and a State option, stablecoin issuance should have both a Federal option and a State option."

"I will not support any stablecoin legislation that preempts the New York State Department of Financial Services or otherwise encroaches on the sovereignty of New York State."