Video: Senate Hearings on Digital Currency

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....

Two senate committees are expected to convene soon regarding possible regulatory issues related to decentralized electronic currencies such as bitcoin. Congressional aide sources inside the Senate told the Wall Street Journal that members of government and representatives from the private sector are expected to testify during the hearings. No dates have been set, but the hearings are expected to occur within the next few weeks. "The Bitcoin Foundation thinks these upcoming hearings are good for consumers and others as education on bitcoin is important," Jinyoung Englund, the foundation's....

The Australian Senate will hold its first hearing into cryptocurrencies this Wednesday morning (local time) from 08:30-12:30, as part of the Digital Currency Inquiry (DCI). Representing the international community at the hearing will be Perianne Boring of the US Chamber of Digital Commerce (CDC), the trade association which has made a name for itself lobbying to educate and promote digital currency issues among US policy makers. A live audio/video feed of proceedings will be available on the parliament's website, and the Senate has invited members of the public to submit their own....

For those of you that were not able to view the US Senate hearings on Virtual Currencies [read: Bitcoin] do check out these highlights. Youtube user hromlery has been kind enough to highlight prominent US officials talking about Bitcoin. Even one year ago, nobody could have imagined this.

TIME is reporting that the Senate Homeland Security Committee is planning to hold hearings on Bitcoin within a month, in a report published today. The committee sent letters to nine federal agencies in July asking for their thoughts on Bitcoins and other virtual currencies in the hopes of developing a holistic approach to the so-called cryptocurrency that neither stifles the currency's potential nor enables criminals to abuse it. Tom Carper, committee chairmain said,