Finally Congress grasps crypto

Congressional hearings into Facebook’s Libra revealed that the majority of people were convinced that Congress couldn’t even master Crypto 101. That is a big move forward, and indicates a more mature approach to crypto by those in the US government. Omer Ozden, CEO of Rocktree Capital, a blockchain-focused merchant bank, said, “I was really impressed to see they knew enough to say ‘we know the hearings are separate from crypto.” Perianne Boring, founder of the Chamber of Digital Commerce, held a blockchain education event with lawmakers the day after the second hearing and commented, ‘We’ve come a long way in terms of the understanding of blockchain technology and cryptocurrencies in Congress’