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Senate Banking Committee presses crypto experts on systemic risk at hearing – CNBC

Lawmakers appeared unconvinced cryptocurrencies would make a good solution to the existing and very flawed financial system.

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An engineer inspects a Sapphire Technology Ltd. AMD graphics processing unit (GPU) at the Evobits crypto farm in Cluj-Napoca, Romania, on Wednesday, Jan. 22, 2021.
On Tuesday the Senate Banking Committee pressed a panel of crypto industry experts about…

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