We urgently need more regulation, more funding for regulation.
A digital dollar can play a role here by providing an attractive and officially supported alternative.
They are much riskier. They are dangerous to both their users and, as they grow, to the broader financial system.
Cryptocurrencies have turned out to be a fourth-rate alternative to real currency.
The risks of replaying the experience of the 19th century are real.
the amount of computational power and energy for this is a disaster for our planet.
Americans need trustworthy and affordable ways to store and use their money, not a way to get scammed more efficiently.
The United States should begin the development of an effective and secure digital dollar.
If, for example, Bitcoin--just one of the cryptocurrencies--were a country, it would already be the 33rd largest energy ...
I want to thank Senator Kennedy for being such a great partner and for suggesting this hearing.
Crypto has become a haven for illegal activity.