Honestly, the House hearing on crypto is relatively adult and sober, though unsurprisingly a bit superficial. It is amusing to see crypto execs explicitly talk about the degree of surveillance of users. Ah, central financial authorities that surveil customers, you say?
Ah, now we’re in the part where the crypto CEOs nakedly appeal to Republican lies about being censored, and advocate a really extreme privatization of currency itself. Welp.
Astute framing from @RepJuanVargas that a huge part of activity is just speculation, and it's not different than real estate speculation was in 2008. Been a lot of dancing around that.
oh wow, @RepCasten shows up fluent, and actually understanding both the tech and the market implications. Really, really impressively sharp questions. It's nice to be reminded of smart people who are elected legislators!
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