“We have serious talent working on financial innovations that can create more jobs, create more wealth, and further solidify America as a financial powerhouse in the world,” he said. “But there are pitfalls, there are things to be careful of, and regulators and legislators need to make sure that they're building a foundation and not overly prescriptive rules. So we're sitting here and agreeing. I think it's hard not to.' I'm excited about the innovation that's happening, but at the same time, how do we regulate it? How do we make sure that innovation can overcome regulation?”
