My impression of some of the guys testifying is that they don't completely understand the implications of what's going on between crypto currency and blockchain. On a base level, they don't demonstrate an understanding of blockchain from a technical standpoint, so it makes me wonder how they can have a valid opinion or conversation about what should be done with it, especially within the context of crypto currency. In this sense, the true intellectual breadth of the conversation they're having is very limited, and I might even say it's a pretend conversation to make it "seem" like they're taking it into serious consideration.

Why does it matter that there are many different currencies competing for growth? Because this is the status quo they're protecting. I call them traditional status quo fiat dollar worshippers. Crypto has taken on such a life that they can't dismiss it out of hand. They have to at the very least "pretend" to be giving it fair consideration. They have to pretend that they're doing "business as usual" so as not to infuse a panic in the public, and for that matter, the traditional economic market. When the overall market cap of crypto is in the trillions, especially multiple trillions, they will up their game trying to slow it down.

When hearing them talk about "HODL," I am taken back by how truly clueless they seem. It's as if they're these powerful men trying to sound credible about something they hardly yet understand. I didn't see it as "embracing" the culture as much as giving me a blatant "tell" that they're very flustered by this "new complicated thing." These guys hold the fate of crypto in their hands and they seem for all practical purposes "crypto illiterate."

I enjoyed listening your take on the topic of crypto at this hearing.

Fix that FOAM on your WALL! LOL.

Thank you and keep up the good work.