Partisan dunks eclipse Section 230 in Senate hearing on social media giants
Though the hearing did not focus on solutions, open source looks like a real way of addressing the committee's concerns about transparency and accountability. In a hearing before the Senate Commerce Committee on Friday, the CEOs of Facebook, Twitter and Google’s parent company, Alphabet, faced a veritable firing squad in what has become bipartisan hatred based on partisan reasons. But while Republicans and Democrats have different gripes with the platforms, all are clearly out for blood. Today’s hearing, theoretically, set out to focus on Section 230, a component of the Communications....
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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....
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....
Read our earlier post about the French Senate Hearing's outcome here. Watch the videos below:
Bitcoin and other digital currencies will get to make their voices heard before a Senate committee hearing November 18 in Washington. The Senate Committee on Homeland Security and Governmental Affairs called a hearing to learn more about Bitcoin and what it calls “virtual currencies.” Five government agencies will send their representatives to offer perspective. Representing the digital currency economies will be Patrick Murck, from the Bitcoin Foundation; Jeremy Allaire, CEO of Bitcoin startup Circle; and Jerry Brito, a Bitcoin researcher from George Mason University. Brito himself makes....
Washington inadvertently gave a big boost to the very currency they are concerned with. After the first of two Senate hearings concluded on November 18, Bitcoin began trading at highs above the $750 mark. This come, however, after the value dipped to $600 at the beginning of the hearing. Two phrases seemed to be investors’ big takeaways from this hearing. First, the committee acknowledged Bitcoin as a “legal means of exchange.” Washington up until then hadn’t been so forthcoming with its thoughts on the currency. Second, Acting Assistant Attorney General Mythili Raman said, “We all....