Sen. Ron Wyden has been a long-standing member of the U.S. Senate, and was a sponsor or co-sponsor of several key pieces of legislation enabling broad adoption of the internet. More recently, he voted in favor of a House Resolution overturning the Securities and Exchange Commission's Staff Accounting Bulletin 121, and questioned threats to personal and financial privacy online.Last month, Sen. Ron Wyden spoke at CoinDesk's Consensus 2024 conference.
And by the way, at the top of my priority list is getting more of these creators in the United States of America, because we are losing in many instances to foreign countries. And so when they said, '"we're gonna tax coders to the tune of $50 billion," I said,"I'd like to know a little bit more about it," because why are we saying that people who are creative software developers are basically going to do taxing for everybody.
And I know you all are stepping up your game in terms of fighting terrorism and fraudsters and the cartels and the like, and I think that's really key. It's getting late in this session, so it's unclear how far that bill will move, but I think Chairman McHenry is right to establish a kind of regulatory framework and put a sharper focus on fighting fraud and rip-off artists.
Do you have any specific – obviously the bill went through, I believe it was just reauthorized without any changes, although– There's this question of balancing privacy and the right to do things online, transact, send money around– And by the way, those are my roots, roots with the innovators, the First Amendment folks, and I'm applying it to a lot of fields, I think, I don't know if you're gonna get into it, but I'm a strong supporter of stablecoins. I love the name stablecoins, because right away that sends a message that if you peg it to the dollar or something like that you're serious about, you know, protecting an array of interests.
Well, the biggest challenge for the Congress is to get its arms around new technology. And the Congress has some people who are sort of traditionalists, and they're a little bit concerned about competition and choice, they think it'll lead to disruption. And then there's a group that don't know too much about it.
I'm getting more questions, I've had 1,085 town hall meetings, throw open the doors to my constituents and let them ask questions. Look, this is not getting the same interest as inflation because people feel that they're getting really hit in the supermarket or health care costs or something else. But there's no question that there is growing interest here. It's being driven by a lot of young, creative people.
Source: Digital Coin News (digitalcoinnews.net)
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