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Dick Durbin: “I have filed an amendment to make it explicitly clear that…”

Featuring: Dick Durbin, Democratic | U.S. Senate Illinois

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Durbin Highlights His Amendments That Address Volatility And Corruption Of Cryptocurrency Industry

Published | Video Starts at 06:48

And you cannot discuss retirement security in the United States without mentioning Social Security. While the Social Security trust funds can only invest in government bonds, I have filed an amendment to make it explicitly clear that the [Social Security] trust funds cannot currently and can never invest in crypto. Social Security insurers. Our seniors have food on their table and clothes on their backs. It is backed by U.S. treasury bonds, the safest asset in the world because the full faith and credit of the United States backing it up. (06:48–06:56)

CLAIM

Asserts that he filed an amendment to prevent Social Security trust funds from investing in crypto.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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