Kay Hutchison actually said...

Any rules in this space, whether regulatory or legislative, would have to be informed by this dynamic environment.

Well, thank you, Mr. Chairman. I am not clear from your answers really what you are using as guidelines.

the letter cosponsored by Senators Mikulski and Hutchison, co-signed by all the women senators and others, to the Supreme Council of the Arm...

the registration threshold should be based upon the need to provide for a legitimate secondary trading market.