They are just discussing bitcoin. They aren't offering up legislation. And if you read their comments about it, they don't hate bitcoin, they just want to make sure that they understand it. I'm not too worried about this. In fact, I think its bullish.
For Bitcoin to really take off as a currency and as a asset class in the US, we need guidance by the government. Guidance gives everyone the rules and makes everyone feel safe. You can bet that all the big $$ investors in Bitcion businesses are looking forward to what the committee is going to say.
Exactly.
I believe they realise it poses no real risk at this point yet. They can't really destroy bitcoin itself, but they can easily make it annoyingly difficult to exchange them for fiat in the US to the point that only the hardcore believers will continue to use it. Sluggish as politicians are, they are still in the process of trying to figure out how to respond as things develop. They will remain one step behind for some time to come.
turbobull fever dream range
LOL.