Chairwoman Stabenow, Ranking Member Boozman, and members of the Committee, thank you for the opportunity to discuss the Digital Commodities Consumer Protection Act of 2022 (S. 4760). I am Todd Phillips, Director of Financial Regulation and Corporate Governance at the Center for American Progress. I am pleased to support this bipartisan bill, which would provide much needed regulatory oversight of the crypto commodity markets while ensuring other regulators may continue to police other parts of the crypto markets.
The above excerpt was originally published in the U.S. Senate Committee on Agriculture, Nutrition, and Forestry.
Click here to view the full testimony.