US Congress hearings, forward law professor: the problem to be solved by Bitcoin must be resolved in Congress

Today, the US Senate Banking, Housing and Urban Affairs Committee will hold hearings on the regulatory issues of digital currency and blockchain. Mehrsa Baradaran, a law professor at the University of California, Irvine School of Law, will testify at this hearing. Currently, his testimony has been published. “The inequalities and inefficiencies that the bitcoin and cryptocurrency industries have to address are not technical issues, but policy issues,” he said. “These issues must be addressed in this room, not in the tech startup’s office or in an anonymous white paper. Solving the use of the Fed's payment system is essential for full participation in business activities. Every American not only has the right to participate in the economy, but also has the right to participate democratically in monetary policy decisions that affect their lives. We do not need to replace the Fed or legal tender. Achieving this goal. In fact, our Congress must do the opposite and ensure that our public institutions are fulfilling their mission.” Read more: https://www.8btc.com/article/455470