After remaining curiously quiet over last week’s Robinhood fracas, White House press secretary Jen Psaki finally addressed the issue. Rather than focus her fire on Robinhood, the crypto and stock trading app that may have broken the law in rigging the market against GameStop and AMC bulls, she absurdly recast the problem as one of market volatility.

Asked by Jordan Fabian of Bloomberg whether President Biden backs proposals to regulate short selling or financial transaction taxes, Psaki replied, “This is under the purview of the SEC in terms of their review and monitoring, but there is an important set of policy issues that have been raised as a result of market volatility in recent days, and we think congressional attention to these issues is appropriate and would welcome working with Congress moving forward as we dig into these further policy issues.”