Hilary J. Allen

Hilary Allen, a law professor focused on banking, securities and tech law and author of FinTech Dystopia. She questions fintech hype, explains how legal design and venture capital shape tech, and critiques crypto and AI as overhyped. She warns AI could freeze legal and creative work and contrasts narrow medical AI wins with risky LLM applications.

Hilary Allen, a Professor at American University’s Washington College of Law, dives into the intertwining worlds of politics and cryptocurrency. She discusses the influential financial contributions of the crypto industry during elections and the implications of the bipartisan GENIUS Act. Concerns about regulation and the potential risks posed by stablecoins are examined, especially in light of historical financial crises. Allen critiques the unexpected support for crypto among Democrats, highlighting the challenges of achieving financial inclusion while safeguarding economic stability.