So I think it's very appropriate to hold these hearings. I think we need to be aware of them, we need to monitor them. But you know, I don't think, quite honestly, The federal government's not going to be intelligent enough to figure out how to regulate [virtual currencies] in any way, shape or form. Senator, I'm just curious, when did you even hear about bitcoin? I've been following this for a number months now. (00:51–00:58)
CLAIM
Asserts that the federal government lacks the capability to regulate virtual currencies.
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