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The Senate Banking, Housing, and Urban Affairs Committee, which consists of 23 senators, including cryptocurrency advocates like Cynthia Lummis and haters like Sherrod Brown, all convened to discuss the collapse of Silicon Valley Bank (SVB).
Unfortunately, instead of discussing how best to allay banking fears and concerns, hedging systemic risk, and setting up new rules and regulations, the senators used their time to yell at regulators to get a good soundbite for the next time they run for office.
Listen to how what could have been a useful educational experience turn into a stereotypical display of the circus that is American politics.
For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com
Hosted on Acast. See acast.com/privacy for more information.
By ProtosThe Senate Banking, Housing, and Urban Affairs Committee, which consists of 23 senators, including cryptocurrency advocates like Cynthia Lummis and haters like Sherrod Brown, all convened to discuss the collapse of Silicon Valley Bank (SVB).
Unfortunately, instead of discussing how best to allay banking fears and concerns, hedging systemic risk, and setting up new rules and regulations, the senators used their time to yell at regulators to get a good soundbite for the next time they run for office.
Listen to how what could have been a useful educational experience turn into a stereotypical display of the circus that is American politics.
For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com
Hosted on Acast. See acast.com/privacy for more information.