U.S. Rep .: Criticism of digital payments innovation could stifle progress

According to Cointelegraph, at a U.S. Congressional hearing on mobile payments on January 30, U.S. Rep. Tom Emmer feared that criticism of digital payment innovations could stifle progress. Emmer raised concerns about regulation stifling innovation. Emmer said that there are now talented young people throughout the environment, and they are coming up with new ways to transfer value every day. I worry that we will crush this entrepreneurial spirit and progress. In response to Christina Tetreault, senior policy consultant at Consumer Reports, Emmer said, "Although you only mentioned Libra, which is not a cryptocurrency in itself, I hope you can explore these innovations more fully. The opportunities they provide can be Individuals create a financial future and allow individuals to control the value of their assets without being controlled by the government. "Emmer further listed a number of crypto assets, including Bitcoin, Ethereum, XRP, EOS, Monero, and Zcash, and pointed out each crypto Different uses of assets.