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French Hill: “A distributed ledger process...is that node you control…”

Featuring: French Hill, Republican | U.S. House Arkansas, 2nd Congressional District

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Discussion on US Regulatory Framework for Blockchain and Stablecoins with French Hill and Bryan Steil

Published | Video Starts at 05:48

A corporate network example would be Google or Meta because they have all your data, they have your essentially intellectual property at their site and people are going to them. And what a distributed ledger process, which is what A distributed ledger process...is that node you control. It's yours, it's your data, you charge for it. And by moving into a digital or a crypto, I'll use the word crypto, I usually don't. A digital asset type payment, a dollar backed stablecoin type payment. (05:48–05:59)

CLAIM

Asserts that distributed ledger technology allows individuals to control and monetize their data.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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