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foreign [Music] foreign foreign [Music] [Music] foreign [Music] foreign [Music] foreign foreign foreign thank you come to order without objection the chair is authorized to declare recess the committee at any time this hearing is entitled oversight of the security Exchange Commission without objection all members will have five legislative days within which to submit extraneous materials to the chair for inclusion in the record and Ill now recognize myself for four minutes for the purposes of an opening statement chair Gensler we welcome you before the committee as you can see were Under New Management and new Congress so please get comfortable we expect to get through a lot today so lets get started with digital assets under your leadership this years Exchange Commission has brought nearly 50 separate enforcement actions against digital asset firms and now your agency is requesting an additional 78 million dollars to expand your enforcement agenda at the same time youve refused t