Business informatics student, 19 years old, crypto and nfts for life.

According to Cointelegraph, yesterday the US House Financial Services Committee held a hearing on "Decoding DeFi: Breaking the Future of Decentralized Finance," aimed at exploring emerging topics such as tokenization and how blockchain can be used in the financial sector. Republican and Democratic lawmakers have shown clear differences on this issue. Republican Subcommittee Chairman French Hill believes that decentralized finance can change the current structure and governance of financial markets and transactions. Democratic representative Brad Sherman and other cryptocurrency critics claim that DeFi is only used for crime, evasion of sanctions, and primarily for tax evasion. @tifivagyok