Don't Ban Crypto! The Case for Pro-Innovation Regulation
The Breakdown
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The Cost of Cryptobans
There has been a real cost to the obsession to ban crypto by figures like Allen and Senator Elizabeth Warren from Massachusetts. Their misguided focus caused them to miss the real risks in the financial system that led to the collapse of three banks within a week. The Senate Banking Committee where Elizabeth Warren sits held 33 hearings last year. Four were on crypto, although the nation's systemic risk watchdog concluded crypto doesn't pose a systemic risk.
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