Hilary J. Allen

Hilary Allen, a Professor at American University’s Washington College of Law, dives into the intertwining worlds of politics and cryptocurrency. She discusses the influential financial contributions of the crypto industry during elections and the implications of the bipartisan GENIUS Act. Concerns about regulation and the potential risks posed by stablecoins are examined, especially in light of historical financial crises. Allen critiques the unexpected support for crypto among Democrats, highlighting the challenges of achieving financial inclusion while safeguarding economic stability.

Hilary Allen, a law professor at American University and author of *FinTech Dystopia*, critiques the financial system's transformation by tech elites. She reveals how fintech and crypto often fail to deliver promised benefits, leading to greater inequality. Allen discusses the repetitive tech hype cycle and how venture capital influences regulations to favor quick exits. She argues that instead of democratizing finance, these innovations often create predatory outcomes, calling for reforms to protect consumers and ensure financial stability.