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....
Related News
The U.S. House Committee on Financial Services hearing will investigate issues around the recent trading surge for shares of GameStop and other companies.
Vlad Tenev will likely appear before a U.S. virtual hearing as lawmakers investigate the firm's recent trading restrictions, a Politico report says.
U. S. District Judge Katherine Forrest told Ross Ulbricht late last week that he has until the government rests its case Monday to decide if he wants to testify in his own defense, The Wall Street Journal reported today. Ulbricht is accused of operating Silk Road, the online drug marketplace. The judge's ultimatum struck some legal experts as unusual, according to The Wall Street Journal. Experts interviewed by the newspaper said defendants are typically allowed to wait until the end of a trial before deciding to testify or not. On Thursday, Ulbricht's lawyer, Joshua Dratel, objected to....
As Lawmakers open debate on four competing crypto bills, Poland’s former governing party has shifted its stance and introduced legislation to ban all digital asset activities in the country. Related Reading: White House Crypto Advisor Fires Back At Bank CEOs In Stablecoin Rewards Clash Sejm To Debate Crypto Legislation, Total Ban Proposals On Tuesday, the […]
The SEC chairman Gary Gensler is set to testify in front of the US House of Representatives Committee on Financial Services on September 27, and his answers could give us a glimpse into how the SEC may treat the crypto industry under his leadership. Here are some of the things to expect from the testimony. […]