US Senate Committee for Banking, Housing and Urban Affairs hearing on crypto

At an open hearing titled “Exploring the cryptocurrency and Blockchain Ecosystem”,  Dr. Nouriel Roubini (Professor Of Economics And International Business, New York University Stern School of Business) and Mr. Peter Van Valkenburgh (Director Of Research, Coin Center) gave their pro-con testimonies.

Issues raised from the pro side – make federal regulation and do not require state by state licensing, public tech is public good, the US should be at fore front of using crypto tech.

Issues raised from the con side – crypto currently cannot scale, thin markets with manipulation, massive centralization and oligopolistic nature of implementation.