Congress is continuing to hold hearings around the digital asset sector, with three simultaneous meetings today to discuss different uses for cryptocurrencies.
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Crypto in Congress
I originally pitched this newsletter a year ago as a vehicle to discuss regulatory issues and the U.S. Congress’ approach to crypto in a more in-depth way than in a straight news article. Part of my thesis at the time was that I fully expected to see more regulatory interactions with the crypto world. Anyways, Congress is holding three (or two, depending on how you look at it) hearings that are important for crypto today. At the same time.
Why it matters
The Senate Judiciary Committee is holding a hearing on ransomware, the Senate Banking Committee is holding a hearing on crypto uses and the House Financial Services Committee is holding a hearing on central bank digital currencies. The fact we’re seeing three simultaneous hearings on different aspects of the crypto industry shows how much attention Congress is paying to this sector.
Breaking it down
Each of Congress’ hearings start at 10:00 a.m. Eastern, or about 30 minutes after this newsletter is emailed out. CoinDesk will, of course, be covering all