Political Quotes

“I offer a simple but important amendment. While the underlying legislation allows the Commodity Futures Trading Commission the authority to regulate digital asset spot markets, nothing in the bill should be construed as giving the CFTC power beyond digital assets. We all have seen good intentions around here, and nothing is punished like good intentions, so let's make clear what the strike zone is for everybody. We are trying to define that strike zone. This amendment adds a sense of Congress that nothing in this act or any amendment made by this act should be interpreted to authorize any entity to regulate any commodity other than a digital commodity on any spot market. That is it. That is the whole thing. Again, this amendment simply aims to combat mission creep, if you want to call it that, somewhere outside the strike zone and makes clear that Congress' intent is to only address digital asset spot markets in this bill and no more. With this amendment, the courts won't have any questions, and Mr. Gensler can't say, ``Well, I am not sure they did this,'' or ``They surely must have meant that.'' No. We cannot allow these agencies to take more and more power in the absence of express congressional approval. We have already seen Mr. Gensler aggressively pursue litigation against the crypto industry, people trying to do it the right way.…”