Erik Voorhees Quotes

When conducted with proper preparation, and in a focused and professional manner, oversight of executive branch actions can reveal serious shortcomings by government officials and help prevent recurrence; the 'Waco hearings,' conducted over a two-week period in 1995, stand as an example of such an undertaking.

Legislation must be passed which undoes the damage caused by excessive de-regulation. That means reinstalling the regulatory firewalls that were ripped down in 1999.

Regulators are very heavily lobbied and they tend to give in…. We must have strong, vigilant, regulators.

We're charged by Congress with regulating financial institutions. We take that mission seriously. We are tough supervisors and regulators.

The FCC should obviously not propose bad rules that will be struck down; it should propose good rules that will be upheld.

Getting in the middle of financial transactions is a regulatory minefield.

What I am objecting to is linking bitcoin and other cryptocurrencies by federal regulations to the real economy, which would happen if we were to clear bitcoin along with other products in the same trading house.

Britain needs a tough, strong financial conduct regulator.

The hardest obstacles for Bitcoin companies are banking and regulation.

In our early experiences with bitcoin, we found how few people were building bitcoin exchanges the right way. They really weren't taking the regulation seriously; they were taking it too much like how you would approach something when you're 18, full of the excitement of youth and throwing caution to the wind.

Light touch regulation means that we create broad regulatory frameworks that can protect consumers to ensure an overall competitive marketplace.

If ethics is limited to financial conflicts of interest - that's really what I did in the Bush White House - that's a huge problem for me because Trump refused to sell his businesses. We don't know where he's getting his financing.

We must advance regulatory reforms.

What a nightmare it would be if we individually had to criminalise every single abuse of every single commodity, market or financial product. There are thousands of these and new ones being invented every day. Such an approach would have disastrous implications for regulation and policy-making. Any slide towards it must be resisted.

We count on the FEC to be the public's watchdog.

A lot of people don't want to deal with the effort needed to secure your bitcoins. That's why we started to build Gemini, which is a U.S.-based exchange with compliance - it's NASDAQ, E-Trade and DTC built into one.

Being fined for violating the rules of your league is not the same as a shop owner on Main Street paying to have a new sign hung in front of their business. One is a business expense, the other is a punishment.

I was representing our chemical company clients, and I would routinely talk with or meet with the DuPont attorneys, would be there representing DuPont at these same cleanup sites. So I knew those folks.

I think it's going to end up a lot like the Internet. Some countries try to regulate the Internet - bitcoin will be very much like that. It will be legal, and there will be some countries with currency control.

Regulatory reform is my agenda. I intend to thoroughly work on this.

Financial regulators should be particularly attentive to the financial consequences of their actions.

In our country, the vast majority of our critical infrastructure and intellectual property is of course in the hands of the private sector.

Well, I like regulation as little as anybody else. It can be intrusive. It can be detailed. It can be bureaucratic. It can be unevenly administered. It can be unfair. But most regulations that we have for mutual funds and for banks are regulations that we earned. We did something wrong and we're paying a price for it.

I think it's important that we eliminate regulations that are not serving a useful purpose.

A hand from Washington will be stretched out and placed upon every man’s business; the eye of the federal inspector will be in every man’s counting house… The law will of necessity have Indus[tr]ial features, it will provide penalties, it will create complicated machinery. Under it, men will be hauled into courts distant from their homes. Heavy fines imposed by distant and unfamiliar tribunals will constantly menace the taxpayer. An army of federal inspectors, spies, and detectives will descend upon the state.