TechFlow news — A U.S. congressional crypto hearing is underway, and Tomicah Tilleman, Head of Policy at a16z, said: "This is the first time members of Congress have used a full committee hearing to emphasize that Web3 is the future of the internet. This marks a historic turning point in the national conversation around decentralized technology. You're also seeing committee members acknowledge that Web3 platforms have the potential to address many issues they care about, including remittances and financial inclusion. So far, the tone from all participants has been reasonable and constructive. So far, so good." Representative Patrick McHenry then posed a question about Web3 to Brian Brooks, CEO of Bitfury, who went on to outline how he defines the differences between Web1 (websites publishing content), Web2 (individuals able to publish content), and Web3.
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