After the TikTok Hearing I'm Unsure If Crypto Regulation Should Be Made by Current Governments.

Out of curiosity I was catching up on the TikTok hearing and was hoping to hear the CEO grilled, and some of the chair gripping questions included: "Does TikTok access the home WiFi network?" "When my pupils dilate would it affects the app's algorithm?" Okay there were some really good questions surrounding data privacy and sovereignty, but those were brief islands of sensibility amidst the chaos. A lot of questions on the involvement of the Chinese government in the app, legal threats, and of course the ignorant tech questions above. I am aware of course of the crypto congressional hearing in 2021 and the recent one in 2023, but I recall only the former really exploring its technical implications. But after listening to these politicians bumbling around tech, a simple video app, that they dont understand, didn't take the effort to understand, yet are looking to ban, I'm not too hot on the same people writing laws and regulations around crypto. If they can't even wrap their reptile brains around how an app like TikTok works how are they going to determine fair laws and standards for something like L2 rollups? And when they struggle to tear things apart, they resort to political attacks and threats. Imagine Vitalik, a Russian and Zhao, a Chinese, on the stand. Maybe we should wait for a new generation of people to enter officr before pushing for crypto regulations. submitted by /u/yuruseiii [link] [comments]
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