Congress is holding three simultaneous hearings around cryptocurrencies today – and they're all on different types of use cases.
An expressed desire for regulatory clarity in the U.S. isn’t new. But there’s increasing pressure for lawmakers and regulators to define just what sorts of digital asset activities are all right.
The announcement came in a hearing about central bank digital currencies.
“There’s really no protection around fraud or manipulation,” Gensler said in his first public hearing since taking the reins at the agency.
A bipartisan bill addressing cryptocurrencies made it through the House of Representatives. Next up: the Senate.
The proposed bill would create a working group to evaluate U.S. cryptocurrency regulations with input from the SEC and CFTC.
Witnesses didn't call for new domestic terror statutes or treat cryptocurrencies as a tool uniquely suited for illicit finance in a U.S. Congressional hearing Thursday.
The hearing will assess various means of terrorist financing including cryptocurrencies and other funding mechanisms amid the backdrop of what occurred on Jan. 6.
Congress is holding a hearing on financing for domestic terrorism this week. What role will bitcoin play?
Vlad Tenev will likely appear before a U.S. virtual hearing as lawmakers investigate the firm's recent trading restrictions, a Politico report says.
While Congress is planning multiple hearings, it's less clear what financial regulators might do.
The head of the House Financial Services Committee wants President-elect Biden to to rescind guidance by the OCC that national banks may hold stablecoin reserves as a service to bank customers.
Cryptocurrencies should be regulated more stringently, a VMWare security executive told U.S. lawmakers, citing a rise in cybercrime during the pandemic.
Federal Reserve Chairman Jerome Powell said central banks should design and implement CBDCs, not private entities.
Currently just a flashy idea, the digital dollar is competing with duller but proven methods for the job of getting stimulus funds to every U.S. resident.