Mike Rounds actually said...

"I think one thing my colleagues and I agree on is Silicon Valley ethos of move fast and break things is dangerous for both our financial system and our entire economy."

"We have to avoid the unintended consequences of being overly broad."

"I think it is important to recognize that as this technology has been effectively utilized for decades, the surge in advancement is prompting our discussion today."

"My concern is that the SEC is inserting itself into matters at the core of the banking system--deposits, credit, payments--and specifically within the jurisdiction of prudential regulators."