Presentations

23rd Parliamentary Intelligence-Security Forum – Cryptocurrency, Stablecoins, and CBDCs

Senator Tommy Tuberville extended a warm welcome to the attendees at the U.S. Senate and underscored the paramount significance of comprehending and regulating cryptocurrency. He acknowledged that a substantial portion of lawmakers possess limited knowledge of cryptocurrency, which presents a formidable challenge in the realm of regulation. Furthermore, he cited recent occurrences, such as the FTX collapse, as compelling evidence of the pressing necessity for robust oversight. Senator Tuberville emphasized that cryptocurrency should be regulated with utmost responsibility to safeguard consumers, foster innovation, and harmonize with established financial regulations for exchanges and lending platforms. He highlighted global risks, the ascendancy of China, and the imperative for international collaboration. Drawing upon his extensive experience in education and public service, he advocated for learning, discourse, and meticulous policymaking to ensure that cryptocurrency benefits economies worldwide while mitigating potential risks.

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