giancarlo? >> yes, indeed. i would just add to the very thoughtful comments of my predecessors that one of the benefits of perhaps a consensus space mechanism, which we can learn from other forms of cryptocurrency is the actual difficulty in hacking those systems when you build it on a broad-based distributed ledger system. those are architectural issues and our colleagues at the bank of boston and mit have been working on that architecture. we're looking forward to the report. but i think there are advantages that need to be explored in ledger technology to make the system more resilient than perhaps the account-based system we have today which has been hacked numerous times even at the federal government level. >> thank you, madam chair. i look forward to working with you on this issue and senator kennedy and others. >> very much. thank you, senator warren. senator lummis. >> thank you for holding this hearing on the future of the u.s. dollar. you know, if we build a central bank digital currency in the right

i agree with chairman giancarlo. i would just add that it's not clear to me that the department of justice and the fbi tracked the bitcoin on the public ledger, and that's how they clawed back the bitcoin from the ransomware attack the other day other than doing old-fashioned police work and catching the criminal servers that they were using and finding out the wallet they were storing the cryptocurrencies in. i think we need to be very concerned about the incentive that cryptocurrencies provide for our criminals to do ransomware attacks, because we know with various mixers and tumblers and other cryptocurrencies that you can trade into like z-cash that criminals who do it right can really make it extremely difficult, if not impossible, to track them using the cryptocurrency, using the money system. there might be other ways to track them down because they exist in the real world, and we might be able to recover the money, but the sort of traditional ways that rely on the dollar payment system may not be available. >

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we will have the honorable chris giancarlo, senior cancel -- counsel of --. we have academic fellow at columbia law school. lastly, we will hear from the adam's distant wish -- disc linkage -- professor of finance. let us start with you, you have five minutes. >> thank you. the way for the opportunity to testify today. i am a director of the digital currency initiative at m.i.t.. the focus on cryptocurrency and digital currency design. my views are my own and not the views of others. we will be releasing a paper of open source software this summer. i want to define cbdc, and its benefits. give examples of questions that need to be answered. also suggest ways to answer those questions. the long delays come in a global access, and low innovation in our traditional payment systems have cost central -- caused central banks to reconsider currency to the public. we have not kept pace with the demand for online commerce. central banks are engaging on work in cbdc to facilitate financial inclusion and maintain financial stability. a retail cbdc is defined as a digita

giancarlo: um, excellent. the flavor is great.at there's little chunky pieces of, like, vegetables or whatever the product is. like, to me, i know that makes it the natural part. they want you to see it. alice: it's tangy. it's definitely latino flavor. i can just eat it up like this. kathleen: okay. rivly: one of the things that i questioned was whether or not you could use it as, like, as sauce. and it says right here, you can bring it to a boil, and it becomes a delicious sauce, so i'm really happy about that. kathleen: anybody going to try this when you go home? aaron: i'm going to try it. woman: i'm definitely going to try it. rivly: i'm going to publix after this so, yeah. ana: wow. kathleen: really appreciate everybody's honest opinion, and good deal. lemonis: i thought the feedback was very honest, and in some cases, it was a little harsh. but even though you may not like the feedback, you still have to absorb it. this was excellent for you to get validation on something you've worked so hard for, and we should spend the t

was powered by the umpire's mistake and the two-run homer from arron judge and this two-run from giancarlos3, and they completed a three-game sweep of the red sox at fenway park. it gives them a one-way lead over boston for a top spot. meanwhile toronto blue jays are one game out of the second spot. yesterday's win gave them two out of three over the twins over the weekend. this may come down to d difficulty of the six games remaining for each team. the road is seemingly narrow for the red sox. they finished with a three against the woeful nationals while the yankees play against the surging blue jays and enend another with the a.l. league leading race. it's still a tight race for the national league west with two games separating the dodgers from the giants atop the division this. one is likely to be settled by who's better set to play against the padres. the n.l. east will look like it comes down to the wire with 2 1/2 games separating the braves and phillies before they start a three-game series tomorrow night. meanwhile the cardinals are tightening their grip on the second n.l. wild-car

giancarlo stanton launching one. the game-tieing homer. but lindor making a whistling motion.of whistling during at bats. but he believes something out of the ordinary was going on. in the end, lindor's bat did the biggest talk. he sent his third home run of the game whistling over the wall! the mets get the 7-6 win. >> look at that young yankee fan. he looks like he's going to be sick. >> sorry about your bears, christine. >> i know. >> you like the bears. >> i would say this. i'm from chicago. how about that? we'll leave it at that. >> all right. >> thank you so much. nice to see you, i coy. >>> "new day" is next. dad, it's a video call. hold the phone in front of you. how's that? get...get mom. [ding] power e*trade gives you an award-winning app with 24/7 support when you need it the most. don't get mad. get e*trade and start trading today. we've got you taken care of, sgt. houston. thank you. that was fast! one call to usaa got her a tow, her claim paid... ...and even her grandpa's dog tags back. get a quote. for skin that never holds you back don't settle for silver #1 fo

it was the weekend giancarlo stanton became a yankee. launched on lansdowne street.only up one game. the best of the three remaining teams in the wild card, toronto blue jays host the yankees tonight for a decisive three-game set. we will learn a lot by thursday night. >> and we're also pretty lucky, lemire. luck is the only thing that's going to get us through this. our schedule is fairly easy. i'm sure we can blow that. but we have three with the orioles and then three with the nats. nothing like what the yankees have. >> easy schedules have not stopped us before, joe. we're certainly very capable of not finishing this season where we want. yes, they're our best friend right now, the encounter this last week. blue jays look great. take it with injuries to the pitching staff, but they're home. we'll all canadians the next three days. we're all canadians these days, o, canada, we stand on guard for thee. and they have two last-place teams. if they win five, they're in. four, probably. anything less than that, not gonna happen. >> okay, thanks, guys. >>> let's get to