US lawmakers say crypto industry has a 'tech bro' problem hurting innovation
— Serve .” representative stephen lynch addressing, Protect themlynch cited, Heavily profit driven, United states lawmakers, Easily due, Relationships, Firms, Largest fintechs, Ignoring clear data, Including digital banks — 1 min read
U.S. lawmakers in the House Financial Services Committee held a virtual hearing on "Combatting Tech Bro Culture" The hearing focused on the lack of diversity in the financial technology space. Some lawmakers claimed that many firms with less diversity in leadership were able to bring in money more easily due in part to relationships between leadership. The hearing was held in response to the recent crisis around crypto lending platform Celsius, whose leadership team consists mostly of men, as an example of VC money not necessarily going to where it’s best utilized, according to some on the committee. Some said the trend suggested an “old boys club” culture in companies including those involved with cryptocurrencies, in which many of those in leadership positions were white men. Others said that diverse leadership Source