Senate Bitcoin Hearing Discusses Legitimacy and Challenges of Virtual Currencies
View the full video of the Senate Homeland Security and Governmental Affairs Committee hearing on virtual currencies here. Don't bother running from regulation, said an influential agency director at a key government hearing on Monday 18th November - because in the long term, there's nowhere to hide. FinCEN director Jennifer Shasky Calvery warned virtual currency companies against fleeing US shores in the hope of more lenient regulatory frameworks elsewhere. "If business is going to leave the United States based on perceived or actual regulatory burden, I always believe that they're going....
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View the full video of the Senate Committee on Banking, Housing, and Urban Affairs hearing on virtual currencies here. It was refreshing to see a Senate hearing kick off half an hour early for a change, and in a place with far more sitting room than room 538 of the Dirksen Senate Office Building. Just before 15:00 ET, while aides were still preparing that room for the two-hour session, Senator Jerry Moran posted a question on reddit: "I'm one of the Senators attending today's US Senate Banking Committee hearing related to bitcoin. What would you like me to know?" He wanted wider input on....
The price of bitcoin spiked dramatically last night and the transaction volume on the Bitcoin protocol (in USD) eclipsed that of Western Union. The spike took place after Jerry Brito, Patrick Murck and Jeremy Allaire presented their testimonies on bitcoin and the future of virtual currencies to the Homeland Security and Governmental affairs committee in the US senate at the Senate hearing titled Beyond Silk Road: Potential Risks, Threats and Promises of Virtual Currencies. The CoinDesk BPI read $650 on conclusion of the hearings, with Mt. Gox reporting a jump to $750 and, later, BTC China....
View the full video of the Senate Committee on Banking, Housing, and Urban Affairs hearing on virtual currencies here. Bitcoin could be regulated as a commodity if market volatility continues, academics and financial industry players warned at a Senate hearing today. Speaking at a subcommittee hearing organized by the Senate Committee on Banking, Housing, and Urban Affairs, a representative from a financial industry technology round table also called for more regulation for virtual currencies. Sarah Jane Hughes, university scholar and fellow in commercial law at Indiana University Maurer....
View the full video of the Senate Committee on Banking, Housing, and Urban Affairs hearing on virtual currencies here. The Present and Future Impact of Virtual Currency hearing taking place today at the US Senate will be webcasted live on C-SPAN3. The Committee on Banking, Housing and Urban Affairs' Subcommittee on National Security and International Trade and Finance, and Subcommittee on Economic Policy will meet in open session. This is the second of two hearings on digital currency this week, the first being held by the US Senate Committee on Homeland Security and Governmental Affairs....
For those of you that were not able to view the US Senate hearings on Virtual Currencies [read: Bitcoin] do check out these highlights. Youtube user hromlery has been kind enough to highlight prominent US officials talking about Bitcoin. Even one year ago, nobody could have imagined this.