The Senate Banking, Housing and Urban Affairs Committee holds a hearing on “Exploring the Cryptocurrency and Blockchain Ecosystem.”
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LIVE: Senate Banking Committee Holds Hearing on Crypto – Oct. 11, 2018

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38 Comments »

  1. How is the stock market any safer? How is going no to Vegas and gambling any safer? Yet these things are legal. People show Ls have the right to put there money where they want. The banks almost went bust in 2008 yet America had to bail them out. They are making it difficult for us to get crypto because they don't profit from it or control it. What about the Home shopping network and 29% interest rate credit cards%. These are set up to temp people and get them into financial trouble yet when it comes to letting people invest how they want besides the manipulated stock market

  2. He doesn't even know anything about crypto. Saying it isn't scalable. What about lightning network? He also keeps saying mining is a weakness because its centralized. A alot of coins have a set amount of coins that don't have to be mined which most of them are pos now pow.

  3. What is the success rate of ideas that take off and solidify into companies that last and trade publicicly? Venture capitalist invest in ideas and companies that go bust all the time and maybe 10 percent of them actually take root and are good investments. Sometimes its hard to see the innovation

  4. I just wanted to note at 9:03, Dr. Roubini states categorically that FinTech has nothing to do with blockchain, but this is simply incorrect. FinTech stands for Financial Technology and is a broad umbrella term – anything related to implementation in this area of technology applied to finance is "FinTech". The blockchain architecture and other related Merkle-based approaches are most certainly being pursued by many many legitimate financial institutions at a minimum in the research stage. I'm not talking about Bitcoin or Ethereum or any particuar cryptocurrency per se, but the blockchain mechanism itself which provides some of the infrastructure. So his categorical statement of the two being unrelated is a poor introduction for himself, as it is misinformed at best.

    You can check out the Wikipedia entry for FinTech at https://en.wikipedia.org/wiki/Financial_technology .

  5. Dr. Roubini needs to do extensive studying of cryptos and blockchain technology. He keeps bashing blockchain tech without knowing its usage in various sectors/ industries, what a shame. I don't have a PHD but I can explain to some extent the usage of blockchain tech in the energy , supply chain management, medical / health, finance and automotive industries. Can someone explain to me how they picked Dr. Roubini to come and talk about cryptos and blockchain?????.

  6. This is the BIGGEST SCAM in the history of the world.
    "You may wonder how the Fed pays for the bonds and other securities it buys. The Fed does not pay with paper money, instead the Fed pays the sellers bank using newly created electronic funds and the bank adds those funds to the sellers account. The seller can spend the funds or can simply leave them in the bank." ~ Steve Meyer, Senior Adviser, Federal Reserve Board of Governors. January 14, 2011

  7. Mr. Crapo, I bet he got plenty of shit over his name over the years. It's early days for Cryptos, go Cryptos! Fiat… 1% of the population owns most of the world's money, is that not centralization?
    They seem to forget that cash is widely used in corruption, just think of the zillions in cash sent by planeloads to Iran by the Demo Rats.

  8. Crypto is blowing up my man. Crypto is getting huge to the point where people are having hearings in the government about this around the world. I think it's a great time to keep accumulating. I believe 2018 will be known as the year of accumulation

  9. Dr. Nouriel Roubini, the "expert" on FinTech, lol. Wow, he has NO idea what's about to hit him (and all of the other corrupted banking institutions) if they don't jump on board. Time to wake up, America!

  10. October-December are historically the Best months for Bitcoin, its about that Time of the year where Bitcoin gets to Sky Rocket, so many people are ignorant, they are staying on the sideline, waiting for a move up and the right time to get in. I suspect that the rise will happen in a very short period of time, leaving those waiters behind and their fomo reaction will push the price even higher, so that they will end up under water when btc is consolidating, I know the price will speed up more, then bleed off and have an extended winter and actually go lower than current lows… Then as it goes higher, All we need to do is invest what we’re Holding and make more profit, So we don’t feel the lost in fall of price when it happens again, I discovered a comment of someone giving Accolades to Charles Garry and also thanking him for helping him increase his Portfolio from having 3.4BTC to 16BTC So i contacted him, Behold I have made 20Btc in less than one month with his working strategies, if you have lost so much during fall or want to increase your portfolio like me, Reach him on *Email/hangout charlesgarry95@gmail .COM or via telegram (+1-631-620-6929) and thank me later

  11. Roubini has no clue, or he's skirting the truth. Blockchain, especially the bitcoin blockchain, is not about transactions, or TPS. It's about safely and securely STORING VALUE, so that a centralized monopoly (the FED, and commercial banks) cannot arbitrarily create more of that unit of value out of thin air – or manipulate the interest rates of that unit of value. When one gets to the point that they want to participate in a transaction, they then move that unit of value off-chain, and use any of the numerous existing transaction solutions we currently have. Dude is not getting it.

  12. Roubini has no clue, or he's skirting the truth. Blockchain, especially the bitcoin blockchain, is not about transactions, or TPS. It's about safely and securely STORING VALUE, so that a centralized monopoly (the FED, and commercial banks) cannot arbitrarily create more of that unit of value out of thin air – or manipulate the interest rates of that unit of value. When one gets to the point that they want to participate in a transaction, they then move that unit of value off-chain, and use any of the numerous existing transaction solutions we currently have. Dude is not getting it.

  13. The Stock Market is no the more "safer." Larger centralized banking systems do not even wish to conceive the concept of "Digital Assets." It means less money for the "Wealthy." Cryptocurrency is a concept to redistribute money from the wealthy to the less wealthy. Bottom line – Ask yourself if you truly trust your bank. If you do… I have some ocean front property that I want to sell you from Oklahoma…. just sayin…

  14. NR is an exemplary corporate Shill for the banks. Good job, now get back under your rock, you have no idea about bitcoin or blockchain, you just parrot sentences from news articles.

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