“It’s amazing that nine years after the Satoshi white paper, you’ve got senators talking about this [stuff] and not pooh-poohing it.”
Other notable comments came from attorney Zoe Dolan and Berger Singerman LLP partner Andrew Hinkes. The former said, via Twitter, that “this hearing has made me so bullish I can hardly stand it.”
“As a lawyer – and a criminal defense lawyer in particular – I was heartened to hear acknowledgment that existing laws suffice to address age-old human conduct,” she later added during an interview. “Fraud is fraud.”
Hinkes, on his side, applauded the fact that both agencies recognized the need for more resources in order to overlook the booming industry.
“Although this may stoke fear in the community, more resources may lead to better, more thoughtful and more facilitative regulation. Regulation is helpful when it provides useful guidance,” he said.