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Brian Schatz

Brian Schatz (D)

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Notable statements

Sen. Brian Schatz has 1 statement(s) about crypto.

"What it sounds like to me is tech people wanting to wave a wand and skip a bunch of steps and avoid the tough politics of doing things for people and say, 'We've got a new tech that will solve all this stuff,' Do you really think that in a society in which only 81 percent of the public currently has a smartphone, we're anywhere close to democratizing the use of these products? I don’t doubt the potential for this tech, I just don’t think it’s going to bank low income communities and I don’t think you’ve persuaded anyone here that it’s going to do that. I don't doubt the importance of the technology or that we'll probably all be using it in two decades but I think that's a different assertion than 'oh, by the way, it's going to solve all these societal ills,' The important thing here is to understand what this tech does and what it doesn't do, because if we're going to establish a regulatory framework for this we need to not be so triumphant about all the problems that it's going to solve but we also need to be clear-eyed about the problems it may create but also the potential for it."

Senator Brian Schatz at the Committee on Banking, Housing, and Urban Affairs July 30, 2019

Crypto bill sponsorship

Sen. Brian Schatz has put out 0 crypto bills.


This senator has not sponsored or co-sponsored any crypto bills.

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