However, at the very least, it is worth appreciating that there are hearings such as this, even if it is just on a relatively small subcommittee level. At least, democratic processes are still working. Moreover, reliable resource persons were invited, given ample amount of time to elucidate on contentious issues regarding Bitcoin and crypto, which probably made a lot of less-informed lawmakers realize the real score.
While the committee may generally be considered technologically incompetent, it has also showcased certain members of congress such as Rep. Anthony Gonzalez and Rep. Warren Davidson who appeared to be objective in appreciating Bitcoin as an emerging financial technology.
Yes. It was actually surprising how sort of neutral some of the representatives are. But I swear Brad Sherman is a total dunce.