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At a Senate hearing focused on affordability, Louisiana Senator John Kennedy dismissed what he called the "promotion" of cryptocurrency by Digital Chamber CEO Cody Carbone, making clear he was not moved by the industry's case — while also signaling he does not view crypto as the root cause of the U.S.
The exchange drew a line between clearing the sector of blame and treating its advocates as credible policy voices.
Kennedy's Framing: Not Guilty, But Not Listening Kennedy's position, as it emerged from the hearing, rested on a distinction that may offer the crypto industry limited comfort: crypto is not what is wrong with the American economy, but that does not mean the senator has much use for the industry's pitch.
By labeling Carbone's testimony "promotion," Kennedy signaled he read the appearance as lobbying rather than substantive input — a characterization that effectively sidelined the Digital Chamber's arguments without engaging them on the merits.
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