Giancarlo says: no blockchain without bitcoin. AND that had blockchain's ability to reveal and check counterparty risk existed in 2008 we may have had more and better policy choices available to respond to the crisis.
Sen. Kennedy: "How far do you think we ought to go in terms of cryptocurrency [law]?"
Clayton: "I think we should be careful to not go too far. but to me, the ICO space - our securities laws work pretty well, but disclosure could be improved."