Mr. Speaker, recently, I introduced my plan, H.R. 3190, to crack down on Mexico for its failure to stop the flood of fentanyl across our border. The Mexican President continues to falsely state that fentanyl is not manufactured or consumed…

Madam Speaker, China is plotting a government-backed digital currency which will be used to survey and manipulate financial activities of its citizens and to crack down on dissent. A central bank digital currency, known as the digital…

I introduced H.R. 804, the Chinese CBDC Prohibition Act of 2023. This bill prohibits U.S. money services businesses from engaging in transactions involving a central bank digital currency issued by China.

If I am an issuer and I want to create a stablecoin, I technically don't know if I am going to be answering to a State regulator, a Federal banking regulator, the SEC, or the CFTC.

I would call upon the subcommittee to think deeply about passing some sort of bill about stablecoins.

This is bad for jobs. It is bad for the strength of the dollar. It is bad for our status as a reserve currency.

Just this morning, before the hearing, I saw news that Russia is exploring legislation to formalize their ability to transact in crypto.

But it sounds like you would agree the SEC doesn't have the legal authority to enact climate policy?

Despite your assurances, I think it is clear this rule will be devastating to my State of West Virginia.

The Securities and Exchange Commission is maybe the Agency that most directly threatens the livelihoods of West Virginians today.

Let me be clear in my last 30 seconds. The SEC has no business enacting climate policy, which is exactly what you are doing.