Gregory's ServerSen. Toomey (R-PA) says largely the opposite to Brown, and echoes the crypto industry's line that we must separate FTX's wrongdoing from all this promise that supposedly exists in the industry.
|
5 comments
 Sen. Brown introduces the witnesses. Prof. Hilary Allen and Ben McKenzie Schenkkan (better known as Ben McKenzie) will be critical of crypto; Kevin O'Leary and Jennifer Schulp are both pro-crypto. First up is Prof. Hilary Allen. Her statement is challenging crypto's claims they are decentralized. She has suggested that "a ban on crypto would be the most straightforward". She says that if legislators are not willing to proceed with a ban, then they must be very careful not to enact laws that would make crypto "too big to fail". |
"There's nothing intrinsically good or evil about software, it's about what people do with it... Code committed no crime..." – Sen. Toomey
😮💨
#FTXhearing