What We Learned From Congress' ‘Demystifying Crypto’ Hearing
The Breakdown
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The Crypto Currency Session Was a Bit Wonky, but Still Interesting.
There was a reiteration of previous concerns around reserve transparency and systemic risk through holdings by hedge funds and family offices. There was also, as you would imagine, some amount of discussion around crypto scams and siber crime in the space. But there was an interesting shift in tone from previous hearings in that this was more forward looking and focused on solutions. Senator ted cruz came out hard again. He said, one thing that is capable of screwing this all up is the united states congress,. And i have deep concerns that congress is already in the process of doing so.
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