American Hearing | University of California Professor: Blockchain technology is worth encouraging, inclusive finance can be realized with cryptocurrency

Babbitt News, at 2 pm Beijing time on July 30, the US Senate Banking Committee held a hearing to discuss current and potential regulation of the cryptocurrency and blockchain industries. Mehrsa Baradaran, a professor at the University of California, Irvine Law School, said that blockchain technology is worth encouraging, but the financial system is currently facing not the technology but the policy. I hope that the Fed can create a low-paying payment system. Inclusive finance with cryptocurrency does not apply to the United States. The Fed only needs to upgrade its system to allow all Americans to enjoy basic financial services. She also mentioned that technological innovation cannot solve financial risks. Babbitt Information will broadcast the entire video of this hearing, link: (please copy the link to the browser to open)