Political Quotes

“Thank you. I want to thank the good efforts of the Senators who have led the work in finding a compromise in this regard, particularly Senator Toomey and Senator Lummis, who have worked very, very hard on this issue. You know, Bismarck said many years ago that there are two things you don't want to see being made--sausage and legislation. And when it comes to particularly ugly legislation, this component--the regulation of cryptocurrency--may take the prize for the ugliest we have seen. Moments from now, I expect that we are going to see objections to this compromise amendment that was negotiated. If we do in fact see objections and if the underlying language in this bill goes into effect, it will have devastating effects. There is a new and exciting industry, in the United States, of cryptocurrency, whether Bitcoin or otherwise, that is generating jobs, entrepreneurs who are creating new values, new hedges against inflation, new opportunities, and it is fast moving. It is dynamic. And this infrastructure bill--a bill being sold to the American people as ``let's build some roads and bridges''--has one little portion in there designed to obliterate cryptocurrency. Now, I fully understand that there are some bureaucrats at the Treasury Department that have never seen anything they don't want to regulate the life out of.…”