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HOUSE_OVERSIGHT_025688

House Oversight Committee
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Investment Management

Key Takeaways Dikisten

" Blockchain technology, which underlies cryptocurrencies, is revolutionary, and likely to have many applications.

= Cryptocurrencies are currently too volatile to be a medium of exchange, unit of account, or store of value, and have many vulnerabilities.

= The cryptocurrency ecosystem will evolve substantially over time.

" The current incarnation of cryptocurrencies is unlikely to persist, but we expect central bank digital currencies to prevail.

25 Source: Investment Strategy Group. HOUSE_OVERSIGHT_025688