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Senator dismisses crypto focus in affordability hearing

Senator dismisses crypto focus in affordability hearing

  • Digital Chamber CEO Cody Carbone argued that digital assets could help address affordability challenges in the United States.
  • Most senators showed limited interest in cryptocurrency during the Senate Banking Committee hearing.
  • The debate comes as lawmakers continue considering the Digital Asset Market Clarity Act ahead of a potential Senate vote.

Cody Carbone, Chief Executive Officer of the Digital Chamber, told a Senate Banking Committee hearing that digital assets could help improve affordability through lower transaction costs, faster payments and reduced barriers to transferring assets.

The hearing, titled “The Affordability Agenda”, focused broadly on economic challenges facing Americans, with cryptocurrency receiving limited attention…

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