Australian Senator: We Need to Acknowledge Crypto Is Not a Fad, Defi Presents Huge Opportunities

Australian Senator: We Need to Acknowledge Crypto Is Not a Fad, Defi Presents Huge Opportunities


Australian Senator Jane Hume says we need to acknowledge that cryptocurrency is not a fad, adding that there are huge opportunities in decentralized finance (defi). “We should tread cautiously, but not fearfully,” she said, emphasizing that “Australia mustn’t be left behind by fear of the unknown.”

Australian Senator Says Crypto Is Not Going Away, Sees ‘Incredible’ Opportunities in Defi

Australian Senator Jane Hume talked about cryptocurrency and decentralized finance (defi) Monday during her speech at the Australian Financial Review Super & Wealth Summit in Sydney.

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Hume is Australia’s minister for superannuation, financial services, and the digital economy. She is also the country’s minister for women’s economic security.

Referencing a recent Australian Senate Committee report that claims 17% of Australians are investing in cryptocurrency, Hume stressed:

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