Here is a thread that sumarised what they said:
https://www.reddit.com/r/BitcoinMarkets/comments/7vp809/watched_the_us_senate_hearing_on_regulating/
They don't think bitcoin represents a risk to the system because it's too small. So they want to take a "wait and see" approach, and don't want to "stomp" on it.
Oh - and they managed to use the word HODL in the testimony.
https://www.reddit.com/r/BitcoinMarkets/comments/7vp809/watched_the_us_senate_hearing_on_regulating/
They don't think bitcoin represents a risk to the system because it's too small. So they want to take a "wait and see" approach, and don't want to "stomp" on it.
Oh - and they managed to use the word HODL in the testimony.
Thank you for the thread alyssa85