This is the best debt ceiling deal that Republicans have ever cut.

I think it caused many Americans to believe that he was being stubborn and intransigent, and I think it really -- it put his negotiators in a weaker position than if they just would have come to the table a hundred days ago.

I look forward to working with Ranking Member Caraveo and others on the Committee on that work.

The difficult task we are starting today is to craft a legislative framework that will allow the next Filecoin or Ethereum to emerge.

I see the potential for valuable tools to be created with digital assets, that will enable Americans to solve some of life's tough problems.

we are tasked with examining digital asset markets and I think, most importantly, understanding what are the gaps in this regulatory framework.

We do have a lot of work to dig into this year, and I am excited to get started.

I want to thank everybody for coming to this hearing of the Subcommittee on Commodity Markets, Digital Assets, and Rural Development.

It will take a collective effort here in Congress and among our regulators to craft a legal framework.

I'm excited to note our unprecedented cooperation with the House Financial Services Committee in this effort.

There will be hits and misses with digital assets.