Bitcoin Could be Regulated as a Commodity, Senate Banking Hearing Advised
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....
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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....
Monday's Senate hearing on Bitcoin was, overall, positive for the digital currency. Today, we're expecting yet another hearing. It's being held by the U. S. Senate Committee on Banking, Housing, and Urban Affairs. The time? 3:30PM. Titled "The present and future impact of virtual currency", the hearing will have witnesses on two panels: Panel I: Ms. Jennifer Shasky Calvery, Director, Financial Crimes Enforcement Network (she also testified at Monday's hearing): and Mr. David Cotney, Commissioner of Banks, Massachusetts Division of Banks. And Panel II: Mr. Anthony Gallippi, Co-founder and....
The US Senate Committee on Banking, Housing and Urban Affairs previously announced that it would be holding a hearing, and that date is now set for November 19, 2013. The hearing, named “The Present and Future Impact of Virtual Currency,” will include BitPay CEO Anthony Gallippi and Ripple Labs CEO Chris Larsen. Also included in the panel are Jennifer Shasky Calvery, from FinCEN; David Cotney, from the Massachusetts Division of Banks; Sarah Jane Huges, researcher at Indiana University; and Paul Smocer, president of BITS at Financial Services Roundtable. The hearing will take place during....
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....