Crypto Chiefs Went to Congress and had a Productive Meeting with Policymakers
Cryptocurrency CEOs from six blockchain-based firms testified before the House Committee on Financial Services yesterday, and the most surprising outcome was how engaged and civil everyone was.There was virtually no bipartisan bickering or political posturing. The policymakers asked thoughtful questions with meaningful follow-ups while the expert fintech panel of CEOs answered candidly and thoroughly. Despite its running time of more than four-and-a-half hours — trust me, I watched the whole thing — every speaker praised committee Chairwoman Maxine Waters (D-CA) for organizing such a “productive and helpful” session. Chief executives from Circle, FTX, Paxos, Steller, Coinbase, and Bitfury were all in attendance with the Tether CEO being the only no-show according to Rep. Sherman. A wide range of topics were covered including: environmental sustainability; customer protection; regulatory oversight; crypto competition from other countries; risks/benefits of sta...