[background noises] the Senate Committee on banking will come to order welcome back chair gensler. Markets to provide for their futures for far too long our markets advance regulators the answer to the interest of the powerful few on wall street, big banks and private Fund Managers Corporate Executives looking to keep profits for themselves instead of investing in their workers and innovation and the american prosperity. New Technology Risk further concentrating power on wall street at the expense of americans fraudster use, Cyber Attacks deep fake Ai Technology to scan american savers based with that unfair Playing Field that favors entrenched wealthy interest over hardworking americans the sec has its work cut out for it to protect families whose hard earned savings are invested in the market. Many on wall street have suggested sec has been moving too fast recently. We have heard all of the complaints. I amov sure we will hear them again today for too many rules, too fastd too hard t
This discussion was held during the National Community and Reinvestment Coalition conference. First up is martin the chairman of the federal deposit insurance corporation. We know it as fdic. The fdic is vital to making the whole American Economy run. This is the agency tasked with maintaining stability and confidence in our countrys Financial System by ensuring our deposits and by examining and supervising the Financial Institutions for safety and soundness and consumer protection. And for us in this room that means chairman gruenberg is vital to making sure the American Economy runs while for everybody. [applause] we are talking about the havenots as well as the haves. So im excited to hear what he has to tell us. Please join me in welcoming to the stage the fdic chairman martin. Good morning, everybody. And thank you, bethany, for that kind introduction. Thank you for getting up early to participate in the session and let me begin by thanking the National Community Reinvestment Coal
Photography group can come to as well. Without objection, chairs authorized to clear recessed committee at any time. This hearing is titled the Federal Reserves semiannual Monetary Policy report. Not the most inventive title, but traditional. We call Humphrey Hawkins up. Without objection, all members will have five legislative days within which to submit extreme material to the chair for inclusion in the record. I will note the outset of this hearing has a hard stop at 1 00 p. M. , which we will strictly observe. The chair would further announce to Committee Members that the chairs intention is in the second week we return in july, well have a markup, and that markup will include two important bills. One is giving Digital Assets a Market Structure, and federal regulatory we met, and the second is a federal stable coin regime. It is the intention of the chair to have that as a, two pieces of our Committee Markup in the second week we return in july. I now recognize myself for four minu
[background noises] the Senate Committee on banking will come to order welcome back chair gensler. Markets to provide for their futures for far too long our markets advance regulators the answer to the interest of the powerful few on wall street, big banks and private Fund Managers Corporate Executives looking to keep profits for themselves instead of investing in their workers and innovation and the american prosperity. New Technology Risk further concentrating power on wall street at the expense of americans fraudster use, Cyber Attacks deep fake Ai Technology to scan american savers based with that unfair Playing Field that favors entrenched wealthy interest over hardworking americans the sec has its work cut out for it to protect families whose hard earned savings are invested in the market. Many on wall street have suggested sec has been moving too fast recently. We have heard all of the complaints. I amov sure we will hear them again today for too many rules, too fastd too hard t
Photography group can come to as well. Without objection, chairs authorized to clear recessed committee at any time. This hearing is titled the Federal Reserves semiannual Monetary Policy report. Not the most inventive title, but traditional. We call Humphrey Hawkins up. Without objection, all members will have five legislative days within which to submit extreme material to the chair for inclusion in the record. I will note the outset of this hearing has a hard stop at 1 00 p. M. , which we will strictly observe. The chair would further announce to Committee Members that the chairs intention is in the second week we return in july, well have a markup, and that markup will include two important bills. One is giving Digital Assets a Market Structure, and federal regulatory we met, and the second is a federal stable coin regime. It is the intention of the chair to have that as a, two pieces of our Committee Markup in the second week we return in july. I now recognize myself for four minu