Hi, I'm Dan Pramak and welcome to Axios Recap, sponsored by Amazon. Today is Tuesday, February

2nd. The price of Bitcoin is up, the number of U.S. COVID cases is down, and we're focused on what

happens next in the GameStop saga. On February 18th, the House Financial Services Committee is scheduled to hold a hearing

titled Game Stopped, who wins and loses when short sellers, social media, and retail investors

collide. Among those expected to testify is Robin Hood CEO, Vlad Tenive. By the time of the

hearing, though, it's entirely

possible that GameStop shares themselves will be trading where they were before all the

recent commotion. The stock opened the year below $20 per share rose to a staggering $348 per share

just last week, but was down to around $100 as of this taping.

The broader issue, though, isn't GameStop stock and if it's up or down.

It's do the stock markets still work?

And what work even means in the context of what some on the left are referring to as casino capitalism.

So we wanted to learn more about the hearing and what

might spring from it with Representative Patrick McHenry, the ranking Republican on the House

Financial Services Committee. That conversation in 15 seconds.

We are joined now by Congressman Patrick McHenry of North Carolina. So, Congressman, your

committee, the House Financial Services Committee, has a hearing set for later this month

over this GameStop, Robin Hood, et cetera, situation. What's the biggest thing you or other

members of the committee are hoping to actually learn from this hearing? For me, I think we want to

understand if any laws or regulations were broken. That's number one. Number two, what laws or

regulations inhibited this or created this circumstance? I think of anachronistic or regulations or

inappropriate regulations that have driven more interest in a narrow range of stocks,

...