09/27/2021
https://www.congress.gov...
"There is no doubt that we need a stronger, safer, and more inclusive financial system."
"But even if crypto is not an improvement over our current system when it comes to being more democratic or less hackable, there is one other possible benefit, and it is a big one."
"Instead of leaving our financial system at the whims of giant banks, crypto puts the system at the whims of some shadowy, faceless group of super-coders and miners, which does not sound better to me."
"But as the cryptocurrency market grows, it is also our responsibility to carefully examine these claims and promises about crypto's potential."