Political Quotes

On the recordNovember 30, 2022
This Administration, frankly, has a habit of circumventing the traditional rulemaking process.
Said by
Alexander Mooney
Republican · West Virginia

Editor's note · Context

Mooney criticizes the administration's approach to rulemaking.

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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.

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I do think a lot of the policies government created has exacerbated that, made it too easy not to work.

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One of the worst offenders is the Consumer Financial Protection Bureau (CFPB) which has taken actions that raise the cost of credit.

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

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