A Second Senate Bitcoin Hearing Will Take Place on Tuesday, November 19
We've already established that a Senate Homeland Security and Governmental Affairs hearing on Bitcoin is slated for Monday, November 18th, but did you know that there's another Bitcoin hearing the day following, on Tuesday, November 19th? It's being held by the U. S. Senate Committee on Banking, Housing, and Urban Affairs and will get going at 3:30 PM (there will be a live webcast). The hearing, titled, "The Present and Future Impact of Virtual Currency," will have witnesses in two panels. The first panel includes "Ms. Jennifer Shasky Calvery, Director, Financial Crimes Enforcement....
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There's been talk of a Senate hearing on Bitcoin taking place soon. Heck, I've even reported about this recently. Now, information is coming forward that the hearings are slated to take place on the 18th of November before the Senate Homeland Security & Governmental Affairs and also the Senate Banking committee. Members of the bitcoin community (including Patrick Murck of the Bitcoin Foundation) are expected to testify in order to inform members of Congress of the digital currency's use and implications when it comes to finance and crime. The news comes from Mike Hearn, who's from the Law....
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 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,....
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....
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....