Hearing: Alternative payments’ threat to national security goes far beyond cr...
Crypto is just the tip of the iceberg, experts tell a U.S. House Financial Service subcommittee in testimony on payment systems and national security. Non-crypto alternative payment systems pose a serious threat to United States security, according to testimony presented at a U.S. House Financial Services Committee Subcommittee on National Security, International Development, and Monetary Policy hearing Tuesday. The alternative payments ecosystem should be seen as a whole, and crypto can enhance national security, speakers said. Wilson Center fellow Scott Dueweke told the U.S. House....
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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....
The National Court in Spain has suspended the hearing destined to deal with the extradition request that John McAfee, the well known cryptocurrency influencer, has pending for its tax-related crimes in the U.S. The entrepreneur was apprehended in October last year in the El Prat Airport where he was going to take a flight. No new dates have been announced for the new hearing. National Court Suspends John McAfee Extradition Hearing The National Court of Spain suspended the extradition hearing of John McAfee this week for tax evasion charges, as was reported by local media. The Court alleged....
Though the hearing did not focus on solutions, open source looks like a real way of addressing the committee's concerns about transparency and accountability. In a hearing before the Senate Commerce Committee on Friday, the CEOs of Facebook, Twitter and Google’s parent company, Alphabet, faced a veritable firing squad in what has become bipartisan hatred based on partisan reasons. But while Republicans and Democrats have different gripes with the platforms, all are clearly out for blood. Today’s hearing, theoretically, set out to focus on Section 230, a component of the Communications....
The United States government just can't quite decide whether to regulate bitcoin, or deem it a threat by declaring it a form of financial terrorism. The digital currency regulated only by mathematics is now being seen by government officials as an emerging threat, possibly to national security. According to IB Times, a counterterrorism program being conducted by the Combating Terrorism Technical Support Office (CTTSO), a division of the Department of Defense (DoD), is seeking help from vendors asking for information on "state-of-the-art technologies" that could potentially pose a threat to....
On Tuesday, the Senate failed to obtain the 60 votes necessary to advance the Freedom Act bill which would stop the National Security Agency from collecting phone records of millions of Americans, regardless if they are suspected of any crime. Senators voted 58-42 in favor to bring the bill before the Senate, effectively killing the bill for this year. Former NSA contractor Edward Snowden brought to light the program and more than a year afterward the Freedom Act was birthed. The Freedom Act would have ended the NSA's indiscreet and mass collection of phone data if passed. Also read: US....