Congressman Tom Carper Remains Open-Minded on Bitcoin
"Let's not kill the baby in the cradle," said Congressman Tom Carper today in an interview that aired on financial TV network CNBC. He was, of course, talking about bitcoin - making a reference to the early days of the Internet when many people didn't show interest and utility. But Carper recognizes the potential behind this digital currency. In his interview, Carper mentions that the possibility for "bad things" to happen using bitcoin is there (drug trade, money laundering, to name the heavy-hitters). But he emphasized that good things can also happen, such as improving transaction....
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Senator Tom Carper (D) of Delaware - the same lawmaker who called for hearings on bitcoin late last year - is looking to get some clarity from the United States Commodity Futures Trading Commission (CFTC) regarding the potential regulation of bitcoin business, which has undoubtedly become big in the past year. Senator Tom Carper of Delaware. "Given that we read about a new venture in the digital currency space nearly every day, it is important that our government agencies respond appropriately and in a timely manner with thoughtful policy and oversight," wrote Carper in an email. "Those....
Senator Carper drew a parallel between the internet and Bitcoin (finally a powerful voice that is educated on the topic): "When the internet was young, people said who cares about that? Some people said it has some upside potential, some people said it has some downside potential to with drug transactions and money laundering. The early message on the internet was, let's not kill the baby in the cradle. I think there is some upside her for Bitcoin and other virtual currencies". "Federal regulators and law enforcement agencies don't need new laws to tamp down on the more seedy uses of....
US Senator Tom Carper yesterday called on the Commodity Futures Trading Commission (CFTC) to clarify its position on digital currencies. Carper is a Delaware Democrat and he currently heads up the Homeland Security and Governmental Affairs Committee. It should be noted that Delaware is home to many credit card companies in the US, thanks to business-friendly regulations that have attracted numerous financial institutions to the state. According to Bloomberg, Carper's staff are already working on a report on digital currencies, scheduled for release sometime in the spring. Carper's email to....
With news today that the second iteration of Silk Road has made a debut (with the first version of the site being seized and shut down by federal authorities), a United States congressman has already issued a statement - and it may not be what you would expect. Senator Tom Carper - a democrat from Delaware - who serves on the Senate Homeland Security and Governmental Affairs Committee had this to say: "This new website - launched barely a month after Federal agents shut down the original Silk Road - underscores the inescapable reality that technology is dynamic and ever-evolving and that....
Congressman Gabriel Silva presented a Crypto Law project. Even though Silva’s profile picture has laser eyes, the congressman doesn’t even mention Bitcoin in the video with which he announces his accomplishment. Is this bullish for cryptocurrencies in general? Or is it another case of a politician trying to make a name for himself using buzzwords […]