Well, it may correct errors, but it doesn't fix any of the fundamental issues with the usefulness of the data that Form PF collects in the first place.

The CTA originally passed both houses of Congress with broad bipartisan support, enough to override a presidential veto during Trump's first term in office. The original text of the CTA requires many small businesses to file beneficial ownership reports, but provides an exemption for large operating companies.

That this bill, the "Protect Small Businesses from Excessive Paperwork Act of 2025," passed the House with overwhelming bipartisan support—a vote of 408 to zero…

As one might expect from Commissioner Peirce, this agenda reflects thoughtful balancing between appropriate market regulation and industry innovation. It is also consistent with various prior statements and dissents that she has made. 

While the task force may be focused on crypto, the agenda extends to exploring how blockchain and tokenization can be integrated into existing market infrastructure to modernize securities transactions, which has implications that are much broader…

Senator Scott's call for whistleblowers covers more than crypto, but it is consistent with this Congress's investigation into "Operation Chokepoint 2.0"—i.e. based on the view that there was a concerted effort by the previous administration and federal financial regulators to effectively suffocate the digital asset industry by preventing traditional financial institutions from engaging in crypto asset-related activities.

That Senator Scott's request comes nearly simultaneously…