Political Quotes

“Here in Congress, we are supposed to be in the problem-solving business. My, oh, my, do we have problems in the digital asset space. In recent years, we have seen the FTX debacle, a debacle that happened under the regulatory regime that some Members are apparently so enamored with, a regime that does not work today. We have seen chronic and disruptive overreach by the Securities and Exchange Commission. We have seen innovation and investment flow overseas. Mr. Chair, they seek markets that are more predictable. We are the only G7 country that hasn't figured this out yet. Clearly, we have problems. I would submit that FIT21 is the solution. For more than a year, French Hill and I, working with Chairs McHenry and Thompson and Members on both sides of the aisle, have worked hard together to craft a solution that increases regulatory predictability, which increases consumer protection, and that will foster innovation. I know that success has many fathers and mothers, and so I do thank Messrs. McHenry, Thompson, Hill, Emmer, and Davidson on the Republican side, and I do need to especially recognize my colleagues on the Democratic side of the aisle, particularly Mr. Nickel and Ms. Caraveo, who have invested countless hours in getting this bill right. They have been joined by Representatives Himes, Crockett, Torres, Soto, Gottheimer, and Davis. This success would not be possible without their good-faith efforts, and I thank them.”