US Senator Tom Carper Sees 'Good Things' in Bitcoin
The head of an influential Senate committee on virtual currencies today warned against "killing the baby in the cradle" by over-regulating bitcoin. Senator Tom Carper said that there were "good things" in the virtual currency, and likened the current situation to the early days of the Internet. Speaking to the news outlet CNBC, the Democrat senator for Delaware admitted that he knew "next to nothing" about bitcoin and virtual currencies six to 12 months ago, shortly before he chaired a hearing by the Senate Homeland Security and Governmental Affairs Committee in November. Senator Carper....
Related News
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....
"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....
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....
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....
Thomas Richard "Tom" Carper, the senior United States Senator from Delaware, told in a recent video interview with Bloomberg that he is very interested in Bitcoin and cryptocurrencies and that: The idea with virtual currencies has some promises. We will get a report on Bitcoin within the next month. In the meantime, virtual currencies are probably not going away, and if they are going to be a reality we need to figure out a way to let them exist to do good - and how to deal with the bad sides of it. Whatch the full interview here. Dec. 19 (Bloomberg) - Senator Thomas Carper, a Delaware....