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Jul 30, 2021 11 tweets 8 min read Read on X
A Playtern's Notes on the Senate Committee Hearing | Cryptocurrencies: What are they good for? Image
Chairman @SenSherrodBrown & Ranking Member @SenToomey Statements ImageImage
⏹ On "Decentralized" being misleading
⏹ On Financial stability risk having a parallel financial system
⏹ On Congress using the same legal terms
⏹ On Crypto & DLT use-cases
⏹ On Open source finance creating a level playing field
⏹ On Money laundering ImageImageImage
⏹ On new disruptive technologies
⏹ On systemic risks
⏹ On sanction evasion & ransomware
⏹ On tools to prevent use of mining to avoid sanctions
⏹ On Miners
⏹ On @Filecoin
⏹ On setting international standards ImageImageImageImage
⏹ On cryptocurrencies potentially disrupting swift global payments network
⏹ On why China Digital Yuan not a threat to USD
⏹ On crypto being regulated the same was as the conventional monetary system ImageImage
⏹ On crypto being really decentralized
⏹ On crypto being safe and secure
⏹ On evaluating crypto vs other possibilities
⏹ On how crypto miners take advantage
⏹ On how should we think about miners and their power ImageImageImageImage
Witnesses:

Professor @angela_walch
Mr @jerrybrito
Ms @MartaBelcher
Definitely evident that there's a lot of misunderstood concepts which needs to be explained more in-depth, issues and concerns to be raised, and decisions to be made.
Hopefully, with regulatory clarity, it will drive more innovators to the space, limit illicit activities and make the space even better than it was before we had these discussions. Image
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