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U.S. House of Representatives


Congress is set to consider yet another proposed mandate for a cryptocurrency study, this time in the area of sex trafficking. The House of Representatives Financial Services Committee is introducing a new bill today that, if passed and signed into law, would require the director of the Government Accountability Office (GAO) to open a study …

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Though fraud is undoubtedly an issue in the cryptocurrency ecosystem, U.S. Congressman Patrick McHenry believes lawmakers shouldn’t rush to impose new regulations. “It’s my fear that Congress and other policymakers get wrapped up in the hype of bitcoin and feel like doing something – anything – is better than nothing,” he told CoinDesk in an …

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Despite the overall measured tone among lawmakers at Wednesday’s House subcommittee hearing on initial coin offerings, a few members of the panel made inflammatory statements. Social media users responded in kind. The most incendiary comment came from California Rep. Brad Sherman, who called cryptocurrencies a “crock.” While some Twitter users merely encouraged him to educate himself …

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