Senate panel questions crypto’s financial inclusion powers, calls for more regulatory clarity

Senate panel questions crypto’s financial inclusion powers, calls for more regulatory clarity – The Block

The Senate Banking Committee continued its probe of blockchain technology on Tuesday in a hearing on crypto regulation that quickly focused on Facebook’s impending Libra cryptocurrency. Panelists and Senators alike expressed skepticism about crypto’s ability to broaden access to global financial services while expressing further doubt about Libra’s purported goal of banking the unbanked.