On the recordOctober 11, 2011
If legislation is not passed to clarify the statute's intent, end-users risk being caught up in the unintended consequences of the Dodd-Frank implementation.
Source
congress.govIf legislation is not passed to clarify the statute's intent, end-users risk being caught up in the unintended consequences of the Dodd-Frank implementation.
Warns about potential negative impacts on end-users from Dodd-Frank without legislative clarification.
Share & report
More from Frank Lucas
I oppose a cryptocurrency ecosystem in which millions of dollars can go from one unnamed entity or person to another unnamed person.
These proposals, I believe, could impair market liquidity while increasing risks and costs.
Congress has a long history of broad bipartisan support for not disadvantaging end-users, including in Dodd-Frank.
There are a lot of companies who are saying, I don't want to disclose these risks because I can't attract capital.