In September, Professor Hilary Allen, author of FinTech Dystopia, joined Woodstock Institute’s Brent Adams for a discussion on the emerging harms posed by cryptocurrency’s steady creep into the financial system.
While crypto enthusiasts tout digital assets as a revolutionary tool that will “democratize” finance, this rhetoric mirrors longstanding Wall Street lingo promoting harmful financial products in underserved communities under the guise of financial inclusion. This practice has been dubbed “predatory inclusion.”
As both lawmakers and regulators chart a legal path forward for crypto’s role in the financial system, watch the webinar below to gain insight into how stakeholders should be thinking about this issue with the well-being of consumers in mind.
