Overview
- Actor-director Ben McKenzie debuts Everyone’s Lying to You for Money, pairing a documentary critique of cryptocurrency with a high-profile Hill appearance shown in the film.
- During the hearing, McKenzie called crypto “the largest Ponzi scheme in history,” facing pushback from investor and TV personality Kevin O’Leary noted in coverage of the event.
- The documentary contends that opacity is the business model, highlighting evasive answers from industry figures and everyday scenes, like a crypto conference that would not take crypto for a drink purchase.
- Interviews center people who lost large sums to scams yet still cling to crypto as a way out, tying that hope to economic stress and thinning safety nets.
- Reporting notes that crypto remains lightly regulated as the White House touts making the U.S. a crypto hub, and that McKenzie left Congress feeling his testimony had little immediate effect.