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Denelle Dixon expressed: Too often, mainstream conversations still focus on the “promise” of blockchain and crypto. Today I sought to shift the narrative to the value it’s already providing today to many individuals and businesses previously excluded from the global financial system.
Use cases I highlighted would simply not be possible without the innovation of blockchain and tokenized assets like stable coins. Financial inclusion is a right, not a privilege, and stable coins are a key building block.
For any skeptics out there, I hope today helped show that crypto should rightly move past being a buzzword thrown around to incite fear of the unknown. I urge those listening to look past the narrow lens of applications like lending/trading that dominate the news.
I want to thank Chairwoman Rep Maxine Waters, Ranking Member Patrick McHenry, and the Committee again for the opportunity to testify. We need more of this dialogue to help realize the full benefit of blockchain technology. Our door is always open.
We’ll keep advocating. And to our awesome Stellar community: you keep building to solve the problems you’re closest to! Together we’ve got this.
Community Reactions: You would have thought I was watching the Super Bowl the way I was cheering for you guys. Very well done Denelle.
I loved your answers. particularly when you answered the question about POW vs POS, I thought it was brilliantly articulated and got right to the issue.
Why? She just said that Stellar uses neither PoW or PoS. In my mind it was an advertisement for XLM and not an answer to the question about energy consumption.
I was very impressed by the way you handled energy consumption questions as well as concerns regarding remittances to/from individuals without access to traditional banking.
The crypto crowd focuses too much on price appreciation and the lure of making money. It feeds into the vague speculative reputation of crypto. You need to spend more time talking about what blockchain is and why it is as important as the internet in a way the public can understand.
Financial Community finally listening instead of making ridiculous comments like 4 years ago. Makes a big difference when they are educated about the subject they are going to talk about.
I wish you stated that the legacy system is the problem with crypto, and that employers should pay on chain.
You represented this space well as always. We thank you and all those who spoke with such conviction and passion.
You did amazing today. Thought B. Brooks totally exposed the SEC great job to all the CEOs.
Ms. Dixon: It was a “Stellar” delivery of your message.
