SE Nebraska News

Recently, Congressman Andy Barr delivered a keynote address at the Flyover Fintech conference in Lincoln, Nebraska. The event was organized by U.S. Congressman Mike Flood, who invited Barr to speak and engage with attendees through a question-and-answer session.

During his speech, Barr discussed legislative priorities and presented the Republican perspective on financial services and innovation. He emphasized the need for Congress to reclaim its legislative powers from executive branch agencies, citing organizations like the Securities and Exchange Commission and the Consumer Finance Protection Bureau (CFPB) as examples of entities that have assumed too much lawmaking authority.

"We need market structure for digital assets," Barr stated. "We need that certainty and stability there… a regulatory framework so that we can be the destination for crypto investment in the United States. We also need a stablecoin regulatory regime."

Barr also criticized the CFPB's approach to regulation, arguing that it relies on threats rather than enforcement actions. He highlighted the ambiguity surrounding what constitutes an abusive act or practice under current regulations.

The full video of Congressman Barr's address is available online for news outlets to use in their coverage.