Ritchie Torres actually said...

"Here in Congress, we have what I would describe as an anti-crypto derangement syndrome that clouds clear thinking about crypto regulation."

"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."