Patrick McHenry
@PatrickMcHenry
When the "cop on the beat" is too busy chasing headlines to do the work of protecting investors—investors get hurt.
This is why @FinancialCmte has urged Chair Gensler to focus on the SEC's core mission, while Congress works to provide clear rules of the road for digital assets.
"When you mix together a bunch of customer money and borrowing against it, investors get hurt," says @GaryGensler. "This is a very interconnected world in #crypto with a few concentrated players. When markets turned on them it appears that a lot of customers lost money."
2022-11-10T13:15:51.000Z
2022-11-10T22:29:06.000Z