At a US Senate hearing focused on affordability, Louisiana Senator John Kennedy largely dismissed the promotion of cryptocurrency presented by Cody Carbone, CEO of the Digital Chamber. Kennedy stated that cryptocurrency is not the core issue behind the current economic challenges facing the United States. He emphasized that crypto itself is not the problem with the US economy and that excessive attention to this sector is misplaced.
During the hearing, Kennedy argued that the economic difficulties the US faces are tied to broader structural factors, not the rise of digital assets. His remarks directly countered Carbone's advocacy for digital assets within the context of affordability. The hearing was originally centered on the cost of living and economic pressure on American households, but the senator's stance made clear that cryptocurrency is not a priority in that discussion.