Sen. Crapo Says Congress Must Address Cryptocurrency Regulation

The hearing discussed trust issues with Facebook's data use and the potential of cryptocurrency technology. It explored the need for a regulatory framework to manage data and privacy, comparing the US sectoral approach with Europe's GDPR. Concerns about financial risks from emerging technologies were addressed, emphasizing the need for built-in protections similar to those in the existing financial system.

What fears do people have regarding the new cryptocurrency technology?

What is the importance of having built-in regulated protections in cryptocurrency?