CEOs Testify on Bitcoin Before U.S. Lawmakers
Executives said Bitcoin and cryptocurrencies are fundamentally different from the traditional system and need new rules.Chief executives of large cryptocurrency firms appeared before Congress Wednesday to testify and answer questions about their products and services and the Bitcoin market in general as lawmakers struggle to bring the market within public policy and regulatory frameworks.“Several questions remain as to how traditional rules apply and whether regulators have sufficient authority to protect investors and consumers while maintaining market integrity and encouraging....
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