By Debbie Stabenow of michigan. Good morning, calling this hearing to order of the Senate Committee on agriculture and nutrition and pleased to see all of ours colleagues here for the important hearing and discussion. Were here today because rapidly increasing number of americans are investing in cryptocurrencies yet theres no federal oversight over what makes up the majority of this market and just as quickly as theyve risen in population, weve seen the value drop and results of hard working americans that lost billions of dollars and dollars they used to support families, keep roofs over their head and save for hard earned retirement. Theres been thehe value of some widely traded coins and built sents on the dollar. Meanwhile 1. 2 billion worth of crypto currency was stolen in hacks some lack trust. We need clear consist rules for the road that allowed good actors to innovate and grow while first and foremost keeping customers safe. Oversight of one of the two nation regulators and i