and i along with 18 of our senate colleagues including senator cortez masters, senator smith, senator warnock, senator butler , they have a bill that would do exactly what law-enforcement asks. it would extend the anti- money laundering rules that banks follow so that crypto could not be used for financing terrorist attacks or north korea's nuclear program. when it comes to banking policy, i am not usually holding hands with the ceos of multibillion- dollar banks, this is a matter of national security. terrorists, drug traffickers and rogue nations should be barred from using crypto further dangerous activities and it is time for congress to act. >> senator daines from montana. >> chairman, thank you. thank you to all of you for being here. earlier this year we saw a series of bank failures, some of the largest in our nations history. these failures were due to gross mismanagement by bank executives and regulators who were asleep at the wheel. instead of holding accountable, those in the supervisory positions responsible for missing the impending crisis, regulators decided to put forth a host of regulations that would have don