Senate banking committee invites BitPay and Ripple to speak

The US Senate Committee on Banking, Housing and Urban Affairs is holding a hearing titled The Present and Future Impact of Virtual Currency on Tuesday (19th November). The Subcommittee on National Security and International Trade and Finance and the Subcommittee on Economic Policy will meet in open session with a witness panel including representatives from the digital currency space. The witness panel comprises of: Jennifer Shasky Calvery, director at the Financial Crimes Enforcement Network. David Cotney, commissioner of banks at the Massachusetts Division of Banks. Anthony Gallippi,....

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....

Stablecoins are in hot water in The States… or are they? The U.S. Senate Banking Committee sent letters to Circle, Tether Holdings Ltd., “Coinbase, Gemini, Paxos, TrustToken, Binance.US, and Centre.” What do these companies have in common? They all issue stablecoins pegged to the US Dollar. Is the US government doing a serious inquire this […]

Andreas M. Antonopoulos promoted Bitcoin at the 11th meeting of the Canadian Senate Committee on Banking, Trade and Commerce, on October 8th, 2014, dedicated to the Committee's study on the use of digital currency. In Canada, the public debate surrounding Bitcoin and cryptocurrencies is currently being formalized as the official "Study on the use of digital currency", a consultative exercise conducted at the initiative of the Senate of Canada's Banking, Trade and Commerce committee. Although the Senate of Canada exerts less authority than the House of Commons, its standing committees have....

Pro-bitcoin U.S. Senator Cynthia Lummis has been appointed to the Senate banking committee. She has been talking to Janet Yellen and has outlined her plans to help the new Treasury Secretary and other U.S. lawmakers understand that bitcoin is a great store of value. Lummis says that Yellen has an open mind on this topic even though she currently thinks that cryptocurrencies are mainly used for illicit financing. Senator Lummis Plans to Convince Congress and Janet Yellen About the Benefits of Bitcoin U.S. Senator Cynthia Lummis was appointed to the Banking, Housing, and Urban Affairs....