Senate banking committee invites BitPay and Ripple to speak
The US Senate Committee on Banking, Housing and Urban Affairs previously announced that it would be holding a hearing, and that date is now set for November 19, 2013. The hearing, named “The Present and Future Impact of Virtual Currency,” will include BitPay CEO Anthony Gallippi and Ripple Labs CEO Chris Larsen. Also included in the panel are Jennifer Shasky Calvery, from FinCEN; David Cotney, from the Massachusetts Division of Banks; Sarah Jane Huges, researcher at Indiana University; and Paul Smocer, president of BITS at Financial Services Roundtable. The hearing will take place during....
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The US Senate Committee on Banking, Housing and Urban Affairs is holding a hearing titled The Present and Future Impact of Virtual Currency on Tuesday (19th November). The Subcommittee on National Security and International Trade and Finance and the Subcommittee on Economic Policy will meet in open session with a witness panel including representatives from the digital currency space. The witness panel comprises of: Jennifer Shasky Calvery, director at the Financial Crimes Enforcement Network. David Cotney, commissioner of banks at the Massachusetts Division of Banks. Anthony Gallippi,....
Crypto pundit JackTheRippler recently drew the community’s attention to Ripple CEO Brad Garlinghouse’s appearance at the Senate Banking Committee hearing. The CEO spoke about XRP amid his talk on how his company is building the “internet of value.” Ripple CEO Talks About XRP During Banking Committee Appearance In an X post, JackTheRippler shared a video […]
View the full video of the Senate Committee on Banking, Housing, and Urban Affairs hearing on virtual currencies here. It was refreshing to see a Senate hearing kick off half an hour early for a change, and in a place with far more sitting room than room 538 of the Dirksen Senate Office Building. Just before 15:00 ET, while aides were still preparing that room for the two-hour session, Senator Jerry Moran posted a question on reddit: "I'm one of the Senators attending today's US Senate Banking Committee hearing related to bitcoin. What would you like me to know?" He wanted wider input on....
The CLARITY Act is moving into a tight, time-sensitive phase after the Senate Banking Committee released its draft on Friday. With the stablecoin compromise text now out in the open, attention is shifting to the long-awaited next step: a Senate Banking Committee markup. CLARITY Act Heads Toward Committee Action As Bitcoinist reported over the weekend, […]
Stablecoins are in hot water in The States… or are they? The U.S. Senate Banking Committee sent letters to Circle, Tether Holdings Ltd., “Coinbase, Gemini, Paxos, TrustToken, Binance.US, and Centre.” What do these companies have in common? They all issue stablecoins pegged to the US Dollar. Is the US government doing a serious inquire this […]