Speaker unverified: belief

Transcript context

…This is reasonably bipartisan, and it's the support or lack of support. It's not sort of split left or right. It's kind of split on age or demographic lines. That's what I've noticed. I'll say this, going in, like just walking into the debate for the first time, Republicans tended to be more supportive than Democrats. I'm not sure entirely why that is, but as a general rule, Republicans were more supportive than Democrats. Having said that, within those two bands, the bigger break was on demographics. The more senior a member, the more skeptical they're likely to be. This makes sense. If you look at how crypto is used, the more junior the member is, mostly by age as opposed to tenure, the more likely they're going to engage in it and try to understand it. That's largely played out. But as the weeks and months have gone on, even the more senior members have realized, hey, this is something we really need to tackle. I think the President's working group, they put out a paper, which some of it I agree, but some of it I don't. The most meaningful aspect is that the White House signaled, hey, this is important, and we need to work on it. I think that's really jump started everybody, because we've had a whole bunch of hearings as a result, and now there's real legislation being debated. Let's zoom in on legislation being debated. We're going to go to Schoolhouse Rock here a little bit. But how does something go from a vague concept of we probably need legislation in this space to becoming law? And what is the committee's role in that versus a general member?…

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