Watch AOC question Crypto execs on how Bitcoin is different

At a congressional hearing on the future of digital assets, Congresswoman Alexandria Ocasio-Cortez (D-NY) questions crypto executives on Bitcoin and the Blockchain and why its different than the traditional financial system.

[@kennethwhite5158]

Face it, the only reason Congress is holding this hearing is to figure out how to tax cryptos.

[@lextacy2008]

Yea so? You want more debt?

[@richardcabanas1360]

@@lextacy2008 I was just about to say that's literally one of the main functions of congress- more so how to properly tax and view crpyto, hopefully this works itself out and things become easier in the Crypto environment

[@chunhaylee]

As well they should.

[@ArtisanMuzik]

@@chunhaylee no they shouldn't ...they take our money and use it for stupid laws and bills. They already tax our paychecks and stocks. Leave our crypto alone.

[@kencabigon3259]

the other problem is, what if someone hacks or fraud event and put all to crypto. that will be hard to justify

[@Luvariana1]

Now lets bring in the Federal Reserve and see if they'll let us conduct on audit on them.

[@thebeeskneestreasures3596]

RIGHT!!!!!!!!

[@johnkenneally6283]

Bingo! and central bank presidents as well. My finances can't survive much more of SEC and scumbag Gensler's "protection".

[@CM-xr9oq]

@@johnkenneally6283 really? I'm doing pretty good in the stock market. If you can't survive it, then you're investing in the wrong assets.

[@electrickayn5619]

The Fed is audited lmao.

[@user-jr5hs2cx3d]

There's an idea🤔

[@claradidi7573]

When they cheer for 500K: SELL! When they warn for a crash: BUY!!

[@viviangall1786]

I always buy in a bull market and sell in a bear market. I've been doing it all wrong 😂

[@fredgallag6097]

will advice everybody who is into cryptos to Stick with ETH and BTC as much as you can guys. If everyone sells when it starts to fall, which at one point it will, the dream may be lost because of it being too volatile for companies to get behind.

[@jessicamoore3093]

it once happened to me, then I learned my lesson and contacted a US-based finance consultant by name Katherine Rae Lobe and everything changed. I started enjoying huge returns from my venture.

[@chris-pj7rk]

@@jessicamoore3093 Awesome i know about this lady you mentioned and her page can be seen when searched her name.

[@TemplarX2]

@@viviangall1786 Still not a bad strategy in the long run. Just not optimal. Crypto is still early. LOL

[@heath51309]

Congress needs these hearing to learn about crypto. AKA, “how we gonna tax this?”

[@FreshKicks4545]

Bingo

[@luisvilca4467]

Don't they tax crypto already?

[@TSYouTuber]

@@luisvilca4467 yes

[@liquidsnake6879]

As long as they can tax it they will allow it

[@MrRehash198d]

You hit it on the head!

[@rcairsoft1147]

There was nothing about bitcoin in that clip. Zero

[@LoseCTRL61]

Bitcoin is only one type of crypto, so when they say crypto it falls under that category

[@kell7689]

I think congress needs to hold like 10 more of these meetings. I sincerely wish that they will continue to educate themselves on this. So many people lack confidence in congress, this is their time to prove us wrong.

[@balthasar3]

I wouldn't hold my breath.

[@kell7689]

@@samjack5465 sounds like you need to attend these congress meetings

[@donaldlyons17]

@@samjack5465 And you and I are watching KZbin. We can both likely know of at least one KZbinr who is not online to help enrich anyone but themselves. Bitcoin is not the ONLY example of something "full of greed."

[@thomasnovobielski6833]

lack confidence? more like intelligence

[@xrpmaxi8839]

@@samjack5465 It's convienent how you forget about all of the big manipulators of fiat who or 50/60 year old guys trying to get richer.

[@damonfrazee5150]

Government has no business trying to “regulate” crypto. They’re just trying to figure out another way to fleece money from the citizens

[@3drockstar]

Thats exactly what it is. If u ask half these politicians what crypto is, they would have no idea.

[@luisarmstrong8084]

@@3drockstar they know exactly what it is that’s why they fear it

[@luisarmstrong8084]

Now they regulate

[@n0ty0urgh0st2]

Sure they do, GAS fees being too high and charged if a transaction fails is a great example of how regulation can work in the people's favor.

[@terrygracy8345]

If you don’t regulate it, you risk the very rich , who control 90% of the economy , moving their money to this and paying for nothing Needs some form of regulation at some point in the future

[@bellajohn2258]

I've been searching for a good broker to trade with!!! Please 🙏 sir how can i find one??

[@willsonjames6124]

Real brokers are hard to find but you have to settle down and select one for yourself

[@allengalvin2838]

Yes you're right!! Real brokers are hard to find but i have one which I've been trading with Mrs Bell Elizabeth. Is her name familiar with anyone here?

[@odilichukwudilucky504]

@@allengalvin2838 Wow 😲 I'm surprised you called that name here. Yes I've been working with her and she's super fabulous

[@jacksonpaul586]

Ohh i remembered a friend of mine calling that name but i didn't pay attention then... But i will like to make some good investment with her.

[@jameslugan5231]

You guys know Mrs Bell Elizabeth too... I have been trading her, i invested $7k last two weeks and i received $21,560k and i placed another trade immediately.

[@ameremortal]

I expected the opposite of this. Ok Congress, you’re giving this country a tiny bit of hope, let’s see if the banks and IMF allow you to do the right thing.

[@EGarrett01]

People tend to be a lot less dumb when they have to speak to another human being face-to-face in real time.

[@ContourGT500]

They have a plan to roll out CBDC. Bankers and the Federal Reserve HATE stable coins and staking.

[@forthehomies7043]

It's because they want to get rich too

[@Pyramid_Skeem]

I guess you're not that clued up The government is becoming pro cryptocurrency only because they are investing it now. They want the masses to buy in late when they have control

[@ChalrieD]

The right thing to do is to destroy crypto currency

[@mikegriffin104]

Fake Title , no mention of BITCOIN.

[@claresmithy4667]

When you invest, you're buying a day you don't have to work. I pray everyone reading this becomes successful

[@mbalimaka6393]

You're right Sir, it's obvious a lot of people remain poor due to ignorance, it's better to take risks and make sacrifices than to remain poor

[@samuelroyal3818]

Amen

[@loydriley9221]

Crypt0 is the most profitable investment online of only you trade with the help of a professional expert

[@andersonwhiteman751]

Now is the best time to purchase and invest in Bitcoin, stop procrastinating!!

[@markdamascus7878]

Amen

[@Zb_Calisthenic]

Coinbase has 60% of the cash on hand. Banks only required to hold 10% on hand.

[@bobsondugnutt7526]

0% reserve requirement for banks since March 2020

[@Zb_Calisthenic]

@@bobsondugnutt7526 whoops. Thanks

[@padfinancial1781]

And may that never change please !!! We need straighter accounting than the Bank of what ever gov or reserve gives.

[@farrellraafi1301]

@@bobsondugnutt7526 makes me crack up that they used to put on the dollar bill "redeemed by gold" lolll

[@salvivona890]

coinbase is not a crypto company, they are a centralized crypto custodian

[@thepr0m3th3an]

exactly

[@chymoney1]

A custodian works for someone correct?

[@chadntm8189]

so a crypto company ...

[@knutrokne3653]

It's a company, traded on NASDAQ, and is focused on the broader crypto market, so.......

[@lawlm1]

Doesn't make it bad. On-ramps to make access easy for the world are key parts of the education and security when people are learning about cryptocurrences. If anything, I think Coinbase should be appreciated for taking and active role in the clarification pertaining to regulation of the industry. (Key point: I said clarifying, not increasing)

[@ThomasPH123]

Government officials trying to figure out how the can control and tax the you know what out of it and keep it all for themselves.

[@jonbravo9278]

They care because all the major trading houses are making billions with subsidiaries outside the USA. Paying no tax and laughing, all while smashing average Joe trader

[@R3tr0v1ru5]

@@jonbravo9278 They don't care, they want control.

[@gij123]

In the words of biggie smalls I'm seeing body after body and a mayor named guiliani aint trying too see a black man turn to John gotti

[@gij123]

@Competition Sports 2021 govr has no grounds to regilate crypto so if they do that may mean time to pack it up and seek shelter elsewhere lol

[@chicxulub2947]

@Competition Sports 2021 They aren't just taxing their money, they are taxing their inflation

[@CapComa]

Watch as they "confuse" decentralized bitcoin with state-run "stable" USDC...

[@Maquis1943]

Uhh, current stablecoin companies, (as in, the people she was questioning-USDC, USDT, others) are definitely *not* decentralized -they are privately owned companies, and have a definite private financial incentive. Bitcoin *is* decentralized, Ethereum is kind of, but current private stablecoins? Nuh uh. Of course a state-backed USDC-a là the proposed Chinese model-would be even more disastrously centralized. But I think AOC asked the right questions, and all of us who own Bitcoin, Ethereum, and/or alt-coins, should welcome basic regulation of this asset class, or we'll get Wyckoff'ed into poverty by the snakes who are already well-versed in manipulating financial markets...

[@jesualdocortez6426]

@@Maquis1943 👏

[@dirksharp9876]

@@Maquis1943 You don't think DAI is decentralized? I recognize that USDC is a factor in DAI but it's the most decentralized of the major stablecoins.

[@chads2219]

@@dirksharp9876 UST and MIM are most decentralized stables

[@MoCsomeone]

Most decentralized does not mean actually fully decentralized though, right?

[@pascualcaraballo1737]

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[@pascualcaraballo1737]

@Rosaria Jablon Yes, like i stated earlier, i trade using his signals and we split profits every month. More like copy-trading.

[@adamjerome5]

First understanding the financial market and how it works then you need to know how to study the market charts. That's all you stand to get when you start trading with Alex. he's highly recommendable. And his signals works.

[@pascualcaraballo1737]

@Rosaria Jablon telegram @Gain_with_alex

[@rivianado8430]

Mr. Allaire is on point and respectful. Thank you sir 🙏🏼

[@Xandercorp]

I love how the assumption is that crypto is an issue. The economy is an issue, crypto is a hedge against incompetency and corruption. Buy BTc, Eth, Sol, Matic... today.

[@betanusolosix]

No Ada?

[@ashkanpower]

Ftm Link Dot Maybe BNB

[@SkeeteDiSniper]

The issue is certain stable coins have more monet than banks. So its if everyone cashes out at once is rhat money avaiable?? That's whats going on with USDT.

[@pete531]

BTC and ETH are the only two coins worth buying imo

[@slog656]

Pete out of touch

[@zoecollin3913]

Hello, I'm new to Biticon trade and I've been makin losses but recently I see a lot of people earning from it. Please can someone tell me what I'm doing wrong

[@norastella9264]

In Bitcoin investment, determination to take risk is one of the major factor required because it takes a brave heart to make money this days.

[@douglasharold5100]

How can someone know a professional account manager that is trustworthy and legit they are hard to find this days.

[@tomfreeman1876]

@@douglasharold5100 I highly recommend Mrs Margaret Newton she is my current trader and her strategies are working

[@randy6868]

I have also been trading with her, The profits are secured and over a 100% return on investment directly sent to my wallet. I made up to $560,000 in 2months trading with her

[@joneskathy6017]

she is the best and her strategies works like magic. I've been making over 300% of my investment weekly since I started investing with her trading service.

[@davidczajkowski5956]

What he really wanted to say is…no, this essential new technology is far from an extension of traditional finance. As the US lives in a financial system of no rules, where you can print money at will and drown people in inflation/devaluation and continue to add taxes on top of this. Crypto currency offers normal people salvation from all your irresponsible decisions.

[@thoughtsofeverythingoffical]

Facts Right here^

[@Upzet_]

I do believe the creators of a blockchain could do the same. It's just that we decide to trust differently.

[@dylanalexander9581]

@@Upzet_ that’s the core argument of “bitcoin not blockchain”

[@ZooDinghy]

That's her point. 75% of crypto is traded with stable coins, most of which are fiat currencies, printed whenever the execs of those unregulated companies like Tether Limited want to print them. To manipulate the price, they simply issue more Tether. As a result, prices increase and more people join the crypto lending ponzi schemes, which inflates the prices even more. The day of reckoning will come and the bubble will burst. Until then, we have wasted so much energy for nothing.

[@airdrummond241]

@@ZooDinghy Tether is a means to an end. "Stable" is a guise to get people that trust in the USD into the space. There is no real need for a stable coin post adoption. Also, Tether backs every coin with USD. There is no "price manipulation" (its always a dollar) and no arbitrary printing or issuing (at least that is the audited claim).

[@IvarKarm]

why does it cut away at 3:01 where she asks that they only had 60% backed?

[@willmartin6052]

Suspicious

[@IvarKarm]

@@alexandra-lane Still better then banks 😂

[@alexandra-lane]

​@@IvarKarm Sure. but what can be seemingly harmless omission in a serious discussion 'informing' congress, is safe for preventing regulation but is problematic. It doesn't leave room to examine truthfully the resemblance to our current systems lack of integrity. Though who am I kidding? We need accountability in our alternative systems. Though.... capitalism.

[@DougieBarclay]

Just poor editing. If they wanted to cut it, they'd do a better job.

[@IvarKarm]

@@DougieBarclay Just suspicious that they cut out the part where they talk about usdc only holding 60% in actual reserves and other 40% in bonds and iou's. The news actually came out in august i think.

[@michaelheisig8386]

Decentralized to take away human error like greed or corruption or being bias. Crypto is important

[@Itsallgoodtogo]

Greed always finds a way even in decentralized worlds. Just look at arbitrage.

[@tycooperaow]

Very important

[@tycooperaow]

@@Itsallgoodtogo Yes but arbitrage actually benefits the market overall rather than hurts it in the traditional sense

[@GamerBrosJAndM]

@@Itsallgoodtogo arbitrage is actually one of the few things you can’t be “greedy” with in this asset class so I don’t think it’s a good example. Profitability of an arb is on an optimization curve against pride impact, so if you wanna be greedy and arb as much as possible, you’ll end up losing money. The size of arb possible scales with the size of the market(s) it is within. The greediest quant firms on wallst can place the largest orders and buy the largest books as of right now

[@GamerBrosJAndM]

@@Itsallgoodtogo although I’m not necessarily a free market maximalist, it’s objective that without arbitrage, prices would be different across multiple exchanges and that would suck for everyone

[@influentia1patterns]

Stablecoins are way more valuable than dollars. You can stake them and provide liquidity and gain utility while providing it. Edit: The value of an economy is productive capacity as measured by dollars plus the premium banks earn and keep 90% for themselves. Stablecoins allow for an economy whereby the returns can be shared among the participants.

[@michal8625]

cant you do the same thing with dollars too? If you count banks investing your money to make profit as a utility

[@vicbirth1649]

@@michal8625 sure, you could do that very slowly if you want everyone in between to take a cut of your gains and/or support institutions that have monopoly on society.

[@tammesikkema5322]

Tether is a probably a scam. It is not 1to1 backed by the usd.

[@influentia1patterns]

@@tammesikkema5322 I am not a fan of tether. But Tether is not the only stablecoin.

[@tammesikkema5322]

@@influentia1patterns it is probably used over 50% of the time, and most staking products use it.

[@mrabieazy]

Ayyy bro. Why is the video clipped at 3:06?

[@danrich6448]

Bitcoin won't integrate into the current system. It will exist separately along side of the current systems.

[@mostly-harmless]

in other words, this system(s) will integrate with bitcoin

[@bodietarver8698]

@@mostly-harmless no incorrect

[@thewakakeboarder]

In the short term... yes. In the long term.. it becomes the system

[@LClarke]

@Williams Alexander < SCAMMER ^ ^

[@EGarrett01]

Bitcoin won't integrate with the current system, the current system will integrate with Bitcoin. In the same way that the internet didn't join our previous system of communication, our system of communication moved onto the internet.

[@flipflop3050]

Havn't seen any comments on AOC dropping in the question about stablecoins and how removing them as fiat/crypto on/off ramps would affect the market. Wonder how that plays out

[@inflationking1271]

Thought the exact same thing. In my POV regulating stablecoims and on/off ramps would kill 75 % of the market.

[@disser3849]

Its death, if USDT disappears tomorrow its waaayyy worse than 2008 for crypto. And we already know Tether has been lying about their reserves.

[@juanmartell47]

@@disser3849 you do realize tether was audited right?

[@carycaruso]

@@juanmartell47 as far as I know they never audited. They had started an audit but backed out of it because they were being asked “too many questions.” But they have not fully been audited yet.

[@carycaruso]

However, they were fined 41 million for lying about their reserves after an investigation.

[@karlferguson]

That was a strong exchange on both sides.

[@LaFlemmYt]

Why did you cut it at 3:05 ?

[@user-pt4hm6od1h]

Fan!! I really appreciate your comments 🙂. Send me a direct message on our WhatsApp page for more guidelines and advise 👆👆...

[@malcolmthoward]

Video cuts @ 3:03, why?

[@uncletom9321]

Atleast the senate is getting their education live and cannot counter irrationally after the education has been imparted, live, in front of millions.

[@shikyokira3065]

the fact that it is so new that even the big banks and big corporations have no idea if they should go against it or go along with it. Going against it would set them back years if cryptocurrency successfully become the standard, essentially replacing them. So for now, I believe it is still wait and watch moment for these big banks and big corporations

[@LordRykard9376]

Any broadcasted hearing is a dog and pony show for the public. The real hearing, which isn't televised, has the real questions.

[@slippydouglas]

Why is it that when I search for “Watchmen”, I get AOC? Are we literally living in a reenactment of fiction of what here?

[@johnsmithe4656]

KZbin search engine sucks. Not that complicated. They want to steer you toward high-visibility content and steer you away from the things that don't make them money. And if you're clicking on videos like this when they show up, KZbin will give you more of the same.

[@DarkMysteriousObject]

because she is a dude

[@lospolloshermanos5659]

..............did you have a point?

[@joannebonnett5223]

*INVESTING IN FOREX NOW SHOULD BE IN EVERY WISE INDIVIDUAL'S LIST, IN SOME MONTHS TIME YOU WILL BE ECSTATIC WITH THE DECISION YOU MADE TODAY.*

[@georgeedward6246]

I totally agree with you, the Forex market is the most profitable venture I ever invest in,

[@georgeedward6246]

I reached my goal of $500k yearly trade earnings. Setting realistic goals is an essential part of trading

[@melissabrockman6397]

Yeah you're right one needs diversify to have different streams of income,

[@melissabrockman6397]

Diversifying is the best key to investing being wealthy

[@carlaalpentista413]

Well I've been an investor in forex trading,,,,,and I can say it's really profiting

[@JeffMorrisonAdventures]

We're making history here! Leave us crypto traders be!

[@ramiro041]

That's great! I guess you are off the hook, no more questions (?)

[@JeffMorrisonAdventures]

@@ramiro041 🤣 I wish.

[@ryanguilbert3425]

😫😫😫😫😫😫😫

[@stachowi]

let the PUMP and DUMPs continue!

[@JeffMorrisonAdventures]

@George Eastman how do you figure?

[@doresearchstopwhining]

Those were some relatively basic questions that she or her staff preparing them likely knew the answers but nonetheless the public needs to hear. Good questions and very revealing of her stance.

[@AmandaVieiraMamaesouCult]

I was very impressed with the way she acted on the whole Robinhood debacle. She actually made the right questions.

[@wadevid]

I think she did great with extracting the correct information for the public to hear. I'd love to see our gov't really utilize crypto and not turn it's back on it.

[@NickBedard]

AOC wants to, so badly, be a prosecutor.

[@sleek86]

It's more than that, everything needs to be clarified and defined so that it can be regulated appropriately

[@TheSecondWitness]

She is so dumb. Her hand gestures are ridiculous too 😂😂😂

[@devilliersduplessis7904]

why the gap at 3:08?

[@Emmy-zx2ig]

We seriously need to force all members of Congress to hold/use at least some crypto and actually understand what it is before we allow them to make laws that are going to impact the rest of us.

[@phazon100]

Most trading volume takes place outside of centralized exchanges. There is defi.

[@gagahusband]

Well don't stop there!!

[@CM-xr9oq]

that's a ridiculous statement.

[@connor883]

@Jamie Walkerdine just because you don't see the use cases that exist doesn't mean they don't exist. Get educated

[@lorenzo3987]

@Jamie Walkerdine Here's a taste of what crypto is... the new internet combined with a new banking system, a new contract system (contracts about anything), a new gaming system, a new sport & media system, and a ton of other systems. In other words, crypto is 1000 fold what the internet is. It's going to change everything. So yes it has not one use-case, it has thousands. Your sarcasm comes from a total lack of understanding of the subject. In 5 years time everything online will be, in one form or another, on a blockchain.

[@michaellee8815]

4:20 “well ma’am I’d say ‘those folks’ have no idea what they’re talking about and you shouldn’t listen to them at all”

[@uncletom9321]

A few points 1. Yes you can buy crypto like bitcoin directly without the usage of stable coins 2. Stable coins are not crypto at its essence, as it follows the similar principles of fiat. Therefore attacking stable coins is baseless against the essence of crypto which is what this hearing is supposed to be about. 3. If folks say it doesn't seem like a new financial system, you need to tell them to to educate themselves before speaking ignorantly. You are not supposed to ask a baker on his opinion of flight dynamics. However if the current financial system is broken why do you want to extend it with a superior technology?

[@beatnuts1uk]

I disagree. Tether could be manipulating cryptos with unbacked Tether printing. I fully expect this to be the case.

[@posterestantejames]

I agree with beatnuts - Tether is dangerous because it’s supposed to be linked 1:1 with fiat securities and it’s decidedly NOT. It’s rehypoethecated to the eyeballs to the point of being unstable. Tether is like lava.

[@cyrusesfahani5935]

@@beatnuts1uk if you listen to the full hearing, one of the senators blast tether representative for not showing up, so they are aware of the situation

[@zedzed5276]

exchanges worked without stable coins in the beginning, they just used the most stable coin available at the time instead. which was bitcoin.

[@uncletom9321]

@@beatnuts1uk tether is then a bad example of a stable currency, it is illegal and should not be considered in pairs on major exchanges if that is the case. The reality that it is being used doesn't rebuttal the main point.

[@TheAldawg77]

Let's face it, they are just trying to figure out how they can get this grubby mitts on their own slice of the pie (through leeching off other people's success in a risky environment)

[@Mitchthemysteryman]

If a few people get too much power, all it takes is one person making a mistake, and the economy collapses. The risk they take is no different from an immigrant going to pick crops on a farm, risking harm to their bodies without healthcare, yet they get bankruptcy protections and they don't. The issue isn't if you've earned it, the issue is if the system can survive with that amount of wealth being hoarded, and I don't believe it can. We have history to look to for that answer.

[@twentysecondcenturywoman]

Very true. The federal government today has pushed its power to the limits. It’s our faults though. We voted for people like AOC in our local and state wide elections and wonder why we’re getting screwed over in every aspect of our lives.

[@hacker4chn841]

These are shockingly astute questions from Ms. Ocasio-Cortéz

[@tieman3790]

She's Sharp as always

[@airdrummond241]

haha what?? These are bating questions, ones of which she got from her staff. Not "astute" in the slightest. She has proven multiple times that she can't wrap her head around crypto. Also, asking if crypto is an expansion of our financial system is proof her staff can't either.

[@tunnocks]

You're easily sucked in, she's like a 15 year old asking vague questions after 30 minutes of research

[@twothbeave]

Clearly reading prepared questions.

[@hacker4chn841]

@@airdrummond241 I said suprisingly. Meaning they're fairly basic but it's better than I would have expected from her. I would have expected her to ask something that makes zero sense - but was surpised she had at least a basic grasp on the subject.

[@Peruvianbean]

About to see how "democratic" this government is

[@Bee-tj8gc]

AOC premiering a crypto call "stable coin". Wtf

[@R3tr0v1ru5]

Democracy is a threat to individual liberty.

[@R3tr0v1ru5]

@@buckyou7365 There are still elections, so I'm still against it.

[@Peruvianbean]

@@buckyou7365 I suggest you search up the word "democracy" thats the government's facade, unless you're saying that the U.S is a shadow oligarcy in which case I agree.

[@danny-qs5zd]

@@buckyou7365 wow .. and the USA aggressively promotes "democracy" all over the world and not constitutional republic? That's weird .. 😂

[@stephenburrows4250]

Now bring in Gary Gensler and ask him about his approach and agenda…

[@Khimera66]

What they skip at 3:03min???

[@Malouco]

Was this held in Judge Meyers court room on a Sunday??? 3 PEOPLE THERE

[@JamezR1234]

Usually can't stand AOC, appreciated her questions here... and the guy answering was great. ELEPHANT PANTS!

[@GBHanny8]

You need to watch more of her questioning during committee hearings and interrogations. She is very good.

[@Pjj878]

@@GBHanny8 I bet he couldn't even answer the reasons why he usually can't stand her

[@stevenjm12]

@@Pjj878 I'm sure he can

[@Pjj878]

@@stevenjm12 you felt brave enough to respond on his behalf, yet came with no reasons 🤣😭

[@stevenjm12]

@@Pjj878 what are you talking about? Reading comprehension would do you well

[@jondoe9596]

We need to phase out Tether, and start to adopt more USDC trading pairs as quickly as possible. Tether is going to be the death of Crypto.

[@ContourGT500]

CBDC wil be the main weapon used to attack crypto. Defi will serve as a shield. I'm confident the CBDC will have code that prevents withdrawal to certain centralized exchanges.

[@eucmike]

Nope.. Just the USA will be left behind!

[@dunkingstudios]

No phase out USDT & USDC and start using decentralised UST by Terra Luna

[@ContourGT500]

@@dunkingstudios it's better to let the market decide as opposed to regulators and legacy finance. When the bear market hits, I'll be in USDT, USDC, DAI, and the upcoming USDL.

[@ArchieBRO]

@@dunkingstudios This

[@ShopSportSport]

I'd love to go on record about and for the industry.

[@abdulrahmanumar5088]

Investing in Stocks/Forex/crypto is very cool with the current rise in the market now

[@abdulrahmanumar5088]

Most especially Investing with a professional trader like Mrs Grace

[@aminatahmmed9604]

Yes I'm also a living testimony of expert mrs Grace.

[@mustaphahamisu285]

Wow I'm just shock someone mentioned expert mrs Grace I thought I'm the only one trading with her, she helped me recover what I lost trying to trading myself

[@isamadus459]

Well, this's not my first time of seeing her name on the social platform

[@isamadus459]

I think she is extremely brilliant and lucrative at same time

[@cryptocapitalist-1]

They should bring in Charles Hoskinson to talk about why thus system is broken and why crypto can be a viable solution.

[@muhammadhafizudinidris1592]

They are the guardian of that broken system, bcoz they benefit the most... They want to cripple the crypto advancement but they realize they unable to halt the decentralize system

[@Kabab]

Or Antonopolois....like so many other countries have

[@treymichaelsmusic]

they would never let him in.. they are scared of him and how smart he is tbh

[@RichardBuckerCodes]

crypto is not working... it's still only used for speculation. First of all the coins are in hibernation like gold... and the satoshis are where the work is done. And even those are not being used compared to the GDP of the world's combined economy. Just a ponzi scheme

[@Kabab]

@@RichardBuckerCodes a similar thing was said when paper money was no longer backed by gold and when we started moving to credit cards. I admit, this change is a fair bit more extreme but not unlike the others....

[@aayush_789]

He had to distinguish USDC from USDT and others, lol. Because USDT is shady

[@ionnicoara6657]

Exactly Gemini usd seems to be alright

[@BeefWielder]

The USDC representative gave AOC an incorrect answer that glorified stablecoins. AOC asked, "If stablecoins completely vanished from cryptocurrency (which is basically impossible due to blockchains like LUNA) would it still be able to work how it does currently?" USDC rep answer: "Stable coins are superior and powerful because existing banks are slow. Stable coins move at the speed of the internet. So yeah, they're essential." WUT. This guy said nonsense, but the room is full of people who know nothing about cryptocurrency or blockchain so its just accepted and they move on, haha! Other than that great interview. More please :D

[@WiseOwl_1408]

Its a huge part of it now.

[@amritnalam9994]

What's the right answer

[@gwho]

People fall for vague BS surprisingly more often than you might expect.

[@gwho]

@@amritnalam9994 dpeends what she means by "works as it does currently"

[@ALymental]

@@amritnalam9994 It wasn't so much about what the right answer was, as much as the fact that he... didn't really answer the question. Question: If XYZ happens, would stable coins still work the way they do now? Expected Answer: Yes/No/It depends because etc etc. Rep's Answer: Stable coins are awesome and essential. @____@

[@Economivision]

um... what is a Crypto exec? Like suddenly we have executives representing all of crypto?

[@peenwhistle]

LOL. ferreal. the true execs wouldn't sit in a room with cockroaches like this. They're busy creating more methods to confuse them.

[@harold6519]

Nice Video!!! Very engaging from the beginning to the end, nevertheless, business and investment are the best way to make money irrespective of the set back pandemic😷 brought which the world is gradually healing from.

[@richardsmith2640]

From analysis Bitcoin is gonna hit $100,000 before the first quarter of this 2022 runs off🧑‍🎄.Remember you saw this here😍..

[@davidhobbes9779]

I strongly believe Bitcoins will sky rocket to $100,000🚀🚀🚀💥. Investing in Crypto currency now is very cool especially with the current rise in market.

[@tomary1893]

Stocks are good too, you know?

[@sohiamadison5419]

@@tomary1893 Yeah! Stock are good but Crypto is much better. I have always wanted to trade Crypto but got confused by the volatility in the price.

[@davidhobbes9779]

@@tomary1893 Yeah! Stocks are good.

[@andybutsakone4253]

God these congress people are gonna mess up legislation

[@donaldlyons17]

The only way they do not mess up legislation is to do nothing. Currently I think market forces have done an excellent job and I don't mind govern or taxes etc. but when the market has done an excellent job why bother it?

[@dontneedtoknow9629]

@@donaldlyons17 Really? You would consider the existence of scam coins and rug pulls as market doing an excellent job? Not that real finance doesn't have those, but at least there exist law that should punish scammers (theoretically anyway). With crypto, there is nothing cause there are no laws. Only reason why you would say it's doing an excellent job cause you and many crypto-savvy enthusiasts already know how to spot and avoid these scams. But if you wish crypto having wider adoption, regulations are a necessity to protect newcomers into the market and not throw them to the wolves, thus painting whole crypto-scene as nothing more but scam riddled market.

[@michaellee8815]

Who wrote the title for this clip???

[@cavcavit]

Could you please make vide about Atompad ( ATPAD Coin ) ?

[@pete1848]

crypto aint going away

[@martinlutherkingjr.5582]

I love how nobody ever answers questions directly in a courtroom and people just act like it’s normal.

[@alinpotra1022]

That's because it's not a court room :)

[@ezequielalvarenga4192]

@@alinpotra1022 it’s a committee lmao

[@falconfamily463]

@Klere Zooi I personally would like an examination of crypto with pro crypto propaganda removed.

[@zaceast682]

no, it's because clearly you have no idea about crypto. both of their answers were correct, if anything he should included the community verification factor of blockchain technology and the benefits of that level of security in comparison to our current global banking system.

[@kenmoore7195]

If I put a BIG pair of glasses on it will make me SMART 😂

[@joshlutza2693]

Who lied and told her glasses make you smarter? 😂

[@medotaku9360]

Anyone else just expect her to yell at everybody? Were some good questions for people who aren't entrenched in the industry.

[@YamadaDesigns]

No, because I actually have listened to her congressional hearings in the past

[@dominickmasonry3878]

I always think she’ll play the bitchy opposite game.

[@Pjj878]

When has she ever just yelled at everybody? Just think on that for a second, that you expected something that she has almost never done And you think you're not brainwashed?

[@medotaku9360]

@K G pretty much every time she gets infront of a microphone. When she was on Rupaul's Drag Race she acted cool but she's not exactly characterized by her calm demeanor. I don't think many politicians are.

[@Pjj878]

@@medotaku9360 not sure what world you live in but the majority of politicians aren't going around screaming AOC I've seen be emotional and passionate, understandably so I haven't seen her screaming or screeching for no reason

[@punkypinko2965]

Start giving Congress a cut of the action and I'm sure all the concerns would evaporate.

[@joetomczyk7893]

Crypto has been around for a while. I'm sure some poodle from the industry has made its way into "campaign" coffers of our aristo elites.

[@dk_kardboard]

Did I miss the part about Bitcoin?

[@Rayniel]

I thought blonde lady was on 2x speed for a second

[@otakuman9576]

New York needs to be more open with trading platforms. I'm very limited to where I can sign up and trade for crypto . We are the financial capital of the world . Let's make it happen.

[@rogerthomas3802]

They don't to keep the majority poor. Get a VPN and pick Sweden thank me later.

[@chads2219]

The banks are in NY. Crypto is their sworn enemy. Things their aren't changing anytime soon. Get out or as the other person suggested, get a VPN and start using DEX's

[@killcapturedestroy7849]

NY has bit licenses, the problem is shady crypto companies won't pass the application, that's the problem, not NYS law, they are actually years ahead of the feds.

[@bobsimpson9228]

@@rogerthomas3802 You still have to pass a single KYC check along the way somewhere whether it's depositing or withdrawing, it's a lot harder than you think from NY.

[@solowarrior1145]

@@bobsimpson9228 I’m in New York and I can buy and sell any crypto that I please. Withdrawing and depositing fiat is easy thru Coinbase. But this is why the government wants more regulation and KYC in the whole infrastructure. I can literally take 100 dollars and come back to Coinbase with 100k. Everything is transparent to all inquiring eyes and minds. But the government doesn’t have centralized control over this information. This is the whole point of blockchain technology. To take away the single point of power and to distribute equality thru protocols and governance tokens. My predictions! Bitcoin is going to die and etheruem is going to take its place. Hopefully etheruem and other 3 rd generation blockchains can use their tech without comprising it’s true essence

[@danieldenton5721]

AOC wears the big glasses just to look smarter. LMAO

[@donenricokuflani]

She's an empty can...

[@billybob5337]

@@donenricokuflani shes got big cans though

[@sabymondal]

Atleast you recognized she looks smart.

[@saveamerica7502]

3:00 in, how come the video is cut out when she makes the claim that only 60% is backed by cash............. the missing dots are important , I think the info said after brings context that for whatever reason was snipped out. but sure help paint a picture one way.

[@chrismale9976]

You could explain to her for 6 weeks and she still wouldn't understand

[@disengagedsage737]

These questions would be better spent asking the bankers.

[@space.youtube]

Were you not paying attention? If you had been you'd know these questions are asked in good faith, that her questioning of "bankers" is considerably more hostile, scathing in fact. I think your preconceptions about AOC are clouding your judgement.

[@mikeb3811]

Thank you the gentle lady's time has expired... How polite ☺️

[@utopian123]

where in the conversation was Bitcoin even mentioned?

[@Masami_Salami]

Could "trading corporate funds" mean allowing people to cash out after they sell their crypto for fiat USD?

[@circlejerkop4864]

It only seems like an extension of the current financial system because many people still want to transact in dollar-pegged assets. The point of crypto isn't to force anyone to change, but to give more options and for the user to pick what's best for them.

[@donaldlyons17]

I agree with you but do people who govern ever think that way?

[@kennethkho7165]

crypto is distinct but can also work with current system

[@peenwhistle]

Stable coins are for plebs who have weak hands. No, it is not an extension. It can be if the crypto community wanted it to be, but we don't and won't ever. It's why bitcoin exists in the first place.

[@EntropyOCD]

Crypto democratize societies. It is beyond left or right. Kudos to AOC for asking some intelligent questions without a political agenda.

[@Howoulduknow841]

How is asking a question suggesting “how crypto is same as existing financial systems” is intelligent. This is anything but intelligent. Current bankings infra and consensus mechanism is centralized. BCz bank says so. Crypto fundamental difference is how we arrive at that consensus, who provides infra for the consensus and how are you rewarded for providing your services.

[@anatta467]

intelligence does not exist for AOC

[@space.youtube]

@@Howoulduknow841 Have you considered that her questions provide those appearing the opportunity to explain and clarify crypto to congress? Who am I kidding, of course you haven't, your galaxy brain is too occupied being triggered by AOC. lol

[@Howoulduknow841]

@@space.youtube your presumption is that I don’t support AOC. You seem so biased and come to a conclusion that I hate AOC. Why can’t it be that a person can be correct on some topics ie affordability, healthcare and not correct of other topics like in this case Crypto. Why do you think leaders are infallible and always correct on all the topics. Why would you not question a person (irrespective of their past accolades) if they have a wrong perspective (in this case Crypto). I really appreciate and support her efforts on other topics that I mentioned above. But that would not blind me into not questioning when something is wrong. Reason beyond blind adulation /hate should guide us.

[@Howoulduknow841]

@@space.youtube when the questions are not open ended but leading questions that suggest a premonition rather that an opportunity to explain. The burden would then lie on the person answering to not only explain what crypto is but also overcome the burden of preconditioned thought which prevents open discussions

[@Purlypk]

What doe she go on to say @ 3:02, Kinda crazy they just cut the video on such an important question like that.

[@priapushk996]

That shirt knew it was going to be televised.

[@TheSeriousG]

I appreciate how she asks well thought out questions to seek better understanding. I’ve seen other members of the democratic party (Elizabeth warren, hilary clinton) approach crypto with a loaded perspective before taking the time to really understand it. This is highly important for the left/center left/center that falls under the umbrella of the Democratic Party. This party has often been criticized for its handling of economic affairs sometimes rightly sometimes wrongly. Either way crypto is a new game, parties can choose how to approach it. And this choice could pin them on the side of the people or the side of the elite. Both parties seem bent on convincing their constituents that they serve people and stand up to elite when in fact the opposite is true in most cases.

[@toddpod5244]

It is completely who is funded theses Congress men/women

[@kwokleongawyong1064]

She was willing to listen. That's important.

[@jethro690]

Well said👏🏻 citizens now have a remarkable opportunity to truly see whose interests their representatives are really advancing. Regardless if they're with us or against us, tick tock next block.

[@Ayumu88]

The only party that actively goes against crypto are the Democrats.

[@kenfarley6837]

They better leave crypto alone that’s my retirement plan and social security since I won’t be receiving that

[@jacobbucio5039]

word up

[@Cerebral_Matter]

unfortunately your 401k doesnt cover their poor mismanagement so they now require other teats to suckle on for that gravy train.

[@billbishop2011]

Misleading title for this video. "Bitcoin" is not discussed at all. Mostly about stablecoins.

[@robopigeon0075]

AOC AOC AOC IS THE LEADER FOR ME‼️ I believe in you to believe in you‼️

[@mc4105]

of all the people i thought could surprise me. I didn't think AOC was one of them.

[@boostoshi]

@@verynice5574 Pipe down, Russian bot.

[@leaguephysique3838]

@@verynice5574 LOL

[@YamadaDesigns]

@@verynice5574you do realize she graduated in economics from Boston university, right?

[@derherrdirektor9686]

@@YamadaDesigns American colleges have lost a lot of credibility over the last decade...

[@satoshinakamoto7253]

its all acting

[@sungchang798]

[@breauxchristopher7069]

it’s very important to educate yourself before you dive in

[@cryptomo1135]

How can i seek your guidance and expertise ?

[@mothernature1333]

it’s a correct info. I use same method

[@mothernature1333]

@@cryptomo1135 with his handle pinned there, I use his weekly service and all he does is coming up with remedy to whatever you've got going wrong at your end.

[@breauxchristopher7069]

Okay, thank you.

[@willpope302]

Why’d you selectively edit the video?

[@landybob8393]

I have a pug that has about the same effect when she speaks.

[@ultimatebluegrassplaylistc3087]

She raised a great question, is crypto an extension of the financial system (and should be regulated the same), or something entirely different? As a crypto expert... you could choose either side and make a strong argument. I could argue either case. I prefer it to be an extension of the current financial system, a security + public ledger infrastructure layer on top of our currently reckless internet transcations.

[@aimesdavid2800]

These people have absolutely no business having more power. I'm referring to people like aoc.

[@WilliamEnglish]

@@aimesdavid2800 facts! They can't even regulate our current system correctly. We need a new system, you can't regulate using a system that was setup in the 30's for future development.

[@Liam-eq1nk]

They cut out the part where the executives explain the backing of USDC. No, it's not only 60 percent.

[@eggchin9721]

cite your sources.

[@scottcotton5654]

u say only like its a good thing..

[@Liam-eq1nk]

@@eggchin9721I did? Watch the original video

[@Liam-eq1nk]

@@scottcotton5654 Yes, it is. 60 percent actual cash and 40 comes from actual assets

[@ionutcosminvisan8708]

Right after 03:04 there's a cut in the speech of AOC. She addressed that Circle announced a 1 to 1 backing of assets owned however it was found that only 60% *cut... Why would you do that?

[@basicallybundyboo]

The Glasses Are Just...

[@555Trout]

Her asking about Bitcoin is like my pet turtle asking about Nuclear energy.

[@tiktokhaus2893]

How would you know? Cryptos for everybody and she doesn't have to showcase her investments tf

[@stephenkennedy266]

Any time AOC opens her mouth, it's clear she doesn't understand anything.

[@iamnatis]

@@stephenkennedy266 Just like the world knows when you comment, you know nothing?

[@stephenkennedy266]

@@iamnatis LOL yeah that's right, go ahead and defend your infallible queen.

[@satoshinakamoto7253]

its all acting

[@cryptosandtokens7104]

Buy XDC, XML, XRP and anything else with an X! lol

[@ryancerney1510]

legal electronic payment, really good to avoid taxes

[@sabymondal]

That was good questioning. Thanks!

[@shmirdonkin]

You know when AOC isn't being crazy she's pretty cute actually.

[@peskypesky]

Super cute

[@andio310]

AOC for first ever super cute president of US

[@Midwest..]

AOC an intelligent independent women 🥰😍

[@gostodemaisdaroca4052]

@@Midwest.. no ,she's definitely not. U can't be smart and socialist at the same time.

[@bdelmon]

😍

[@vv5179]

Mr. Alliare did not answer AOCs hypothetical question regarding whether stable-coin would be impacted if it were not an option in the crypto world. That was a phishing question on her part, but by asking the question it shifted the focus back to congresses shady tactics. We can expect more regulation in the crypto market.

[@dontaesteel5748]

Peer to peer transactions seem to have a way to be tracked. This must be secure if it may work.

[@nikkocy]

The congress should have experts advising the hearing though.

[@blahbobaba]

Any government official that wants to make crypto one of their pet issues needs to take an “intro to crypto” course to, at the very least, understand the basics of blockchain. This would answer a lot of their questions…

[@justinebarker7588]

yeah they would understand! That it's all a giant grift

[@brawrrrXO]

This is one of first congress meeting where CEO etc. Sounds highly educated to point they know exactly what to say with facts and information

[@bobbysworldofficial]

Hey CNET, need a video editor? The audio is so low on these lol

[@mavic2175]

3:03 really?