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Regulation brings uniformity and security, which may feel anathema to the fundamental premise of distributed ledger technology (specifically blockchain and the nascent crypto industry blockchain technology allows)...
To the market but in rising taxes here and increasing taxes for the oil companies if that's supposed to fix that, why can't you and your colleagues on capitol hill get this issue fixed for all of the americans who can't afford gas? >> there's two issues. one is, do they need a subsidy? we were saying today it doesn't look like they really do. the second issue is, what are we going to do to rein in the oil markets to make sure they are based on supply and demand? >> how do we do that? >> well i think, as one of the witnesses said, he mentioned the cftc, commodities future -- the commodities com...
Of understanding that derivatives are not a substitution for financial products. they're a way to hemming. they're always meant to be -- >> they're an insurance product they're a substitution for what you sometimes can't get to be able to insure against certain activities. but what's happened in this country and across the world is they've become a substitution for core financial products. and my attitude is let it go overseas -- >> let the french taxpayers pay for it. >> that would have been great the first time. we pass the laws because some people convinced congress that if we didn't, we wo...