Chainalysis exec touts blockchain analysis to Senate homeland security committee
Three experts from the private sector appeared before the Senate committee Tuesday to talk about ransomware attacks and how to combat them. The collection and processing of information was a major theme at the United States Senate Committee on Homeland Security and Governmental Affairs (HSGAC) hearing titled, “Rising Threats: Ransomware Attacks and Ransom Payments Enabled by Cryptocurrency” on Tuesday. The committee hosted a panel of private-sector experts who discussed the problem of ransomware attacks and the challenges of collecting and using the information necessary to fight them.....
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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,
A Senate homeland security committee seeks explanations from federal regulators and law enforcement officials as to how they plan to oversee digital currencies. This follows months of climbs in value for Bitcoin, which started the year trading at $15 and has since surpassed $200. Governments now are on notice and concerned about how digital markets and decentralized, unregulated currencies will affect commerce. And crime. The Bitcoin marketplace is now four years old and valued at more than $1 billion. Startups in this space are trying to figure out nebulous government regulations while....
Article updated on August 15 at 18:40 (BST). A US Senate committee has begun an inquiry into bitcoin and virtual currency, pressing financial regulators and law enforcement agencies for further information and guidance. In a letter sent on Monday Aug 12, the US Senate Committee on Homeland Security & Governmental Affairs asked the Department of Homeland Security (DHS) for information on any policies, guidance, plans and strategies they have that pertain to virtual currencies. The letter (embedded below) was sent to the secretary of the DHS, The Honorable Janet Napolitano, from the Senate....
The full video of today's Senate Committee on Homeland Security and Governmental Affairs hearing can be viewed here. Even the title of Monday's Senate Committee hearing on bitcoin reflects the overriding concern. "Beyond Silk Road - Potential Threats, Risks, and Promises of Virtual Currency" brings together several speakers from the government, industry, and non-profit sectors to give their opinions to the Senate's Committee on Homeland Security and Governmental Affairs about the potential security risks of the cryptocurrency. Here is a roundup of what to expect from testimony given at the....
The US Senate Committee on Homeland Security and Governmental Affairs has set 18th November as the date for its hearing into bitcoin and other cryptocurrencies. US Senator Tom Carper, chairman of the committee, said last week that the aim of the hearing, titled 'Beyond Silk Road: potential risks, threats, and promises of virtual currencies', is to "dig into what a whole-government approach to this new and unique technology may look like". According to a post on the Bitcoin Talk forum, several people representing bitcoin interests have been invited to testify, including members of the....