"I still think that Bitcoin and blockchain have use cases in places with high inflation where you don't have responsible fed institutions and treasury departments... I don't think you can dismiss all of the use cases of blockchain or Bitcoin. That said we need far more regulation. Most importantly, things like Terra that took place where you had an algorithmic stablecoin without U.S. backing; there needs to be reserve requirements, there needs to be clear disclosure requirements on cryptocurrencies of what is taking place."