Globally, crypto regulation efforts have reached the peak. When this is the case, many people in the administration turn to industry experts to better understand cryptos. Finally, Block's CEO, Jack Dorsey, was invited by Congressional Democrats to talk about Bitcoin.
Jack Dorsey Explains Bitcoin to Congress
Former founder and CEO of Twitter, Jack Dorsey, is one of the tightest names in the crypto world. Dorsey, who recently left his post on Twitter for his crypto-focused company Block, also carries out intensive work on issues such as Bitcoin mining. Finally, according to two related sources, Dorsey gave an overview of Bitcoin and cryptoassets to Democrats of the House of Representatives Financial Services Committee during a special Q&A session on March 31.
In his speech, Dorsey cited changes in the energy mix powering proof-of-work networks like Bitcoin, the transparency of blockchain-based transactions for researchers, and the growing user base for crypto in payments outside the Western world.