The Senate Banking Committee will hold a hearing on regulatory frameworks for cryptocurrencies and blockchain next week.
The committee said in a press release that it would hold an open session titled "Examining Regulatory Frameworks for Digital Currencies and Blockchain" on July 30, though it is unclear if this would be a fact-finding mission or if any specific pieces of legislation would be discussed.
Circle CEO Jeremy Allaire, representing the Blockchain Association; Rebecca Nelson, a member of the Congressional Research Service specializing in international trade and finance; and Mehrsa Baradaran, a law professor at the University of California Irvine School of Law will testify as expert witnesses.
The Senate Banking Committee has held a number of hearings around the space, with the most recent taking place last week, focused on Facebook's Libra.
Members asked David Marcus, the head of Facebook's crypto project and the CEO of its Calibra subsidiary, a number of pointed questions about the project, but rarely brought up bitcoin or other cryptocurrencies.
Instead, Senators took pains to distinguish between the broader crypto ecosystem and Facebook's efforts specifically, indicating they may better understand the technology and the asset class than they have in years past.
Senate Banking Committee to Hold Hearing on Crypto Regulation
Published on Jul 24, 2019
by Coindesk | Published on Coinage
Coinage
Recent News
View All
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.