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Senate


Cryptocurrencies are “tailor-made” for foreign powers hoping to influence American elections, a security consultant told a group of U.S. senators on Tuesday. Scott Dueweke, director of threat analysis company DarkTower, was one of several witnesses appearing before the Senate Subcommittee on Crime and Terrorism to discuss the potential use of cryptocurrencies by foreign agents in order to …

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While lawmakers in the increasing number of statehouses are putting forward legislative initiatives that are nothing short of Blockchain-friendly (think Arizona, Wyoming or Georgia), federal policy architects on the Capitol Hill prefer to move one cautious step by another. The month of February, however, has seen Congress finally take issue at heart and favorably incline …

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The head of the Commodity Futures Trading Commission said during a Senate hearing on Thursday that any federal-level approach to cryptocurrency regulation should be “carefully tailored” to the risks involved. The comments by CFTC chairman J. Christopher Giancarlo, issued before the Senate Agriculture, Nutrition, and Forestry Committee, came days after he and Securities and Exchange …

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“It’s important to remember that if there were no bitcoin, there would be no distributed ledger technology.” That was the response from Commodity Futures Trading Commission chairman J. Christopher Giancarlo when asked by Arkansas Senator Tom Cotton about the value of the technology underlying cryptocurrencies like bitcoin. In his remarks, Giancarlo described them as invariably …

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As might be expected, Tuesday’s Senate hearing on cryptocurrency regulation touched on an oft-discussed facet of digital assets: their price volatility. Appearing before the Senate Banking Committee, Securities and Exchange Commission chair Jay Clayton and Commodity Futures Trading Commission chair J. Christopher Giancarlo were asked about their views on the zigzagging prices, as well as …

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Concerns about initial coin offerings among U.S. regulators and lawmakers were on full display during a U.S. Senate hearing on Tuesday. “I believe every ICO I’ve seen is a security,” Securities and Exchange Commission chairman Jay Clayton declared early on, perhaps setting the tone on a topic that would be raised numerous times during the …

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Congress is set to hold what may be the most consequential hearing in years on the subject of cryptocurrency, with the heads of the two main U.S. financial market regulators in the hot seat. J. Christopher Giancarlo, chairman of the Commodity Futures Trading Commission, and Jay Clayton, his counterpart at the Securities and Exchange Commission (SEC), …

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A new state bill introduced to the Colorado Senate is looking at using blockchain technology to secure private data from cyberattacks. Introduced on Jan. 16, Senate Bill 086 suggests that using a distributed ledger would eliminate the need for paper records and in-person updating of such data. The blockchain system would subsequently solve the State’s …

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