not immediately clear if the hearing will be broadcast live, bitcoin price 2013 january as has been the case for prior events of this nature. "Cryptocurrencies are a crock Rep. Democratic Senator Elizabeth Warren, a consumer advocate, also used the hearing as an opportunity to grill Clayton on other issues. Appearing at the event are Walmart vice president of food safety Frank Yiannas; Charles Romine, director of the Information Technology Lab at the National Institute of Standards and Technology (nist IBM vice president of blockchain Jerry Cuomo; Congressional Research Service analyst Chris Jaikaran; and Benjamin. These included reports the SEC is mulling rule changes that would block investors from being able to band together to sue companies, an idea Clayton said he personally is not anxious to pursue.
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Washington (Reuters) -.S. Based on an early glimpse of their prepared remarks, the regulators are expected to testify that the cryptocurrency markets are in need of more stringent federal oversight versus the patchwork state-based rules that currently exist. "They allow a few dozen men in my district to sit in their pajamas all day and tell their wives they're going to be millionaires.". Cardozo School of Law associate clinical professor Aaron Wright. Till now, and with the exception of fraudulent activity thats been uncovered, Congress has been largely mum on cryptocurrencies, leaving regulators to do their jobs. She said she is working on a bill that "would regulate virtual currencies but not the technology with "robust" investor protections, including disclosures that will be regulated by the SEC. We may be back with our friends from Treasury and the Fed to ask for additional legislation, Clayton said when asked whether Congress needed to act on virtual currencies. Clayton, who testified alongside Christopher Giancarlo, chairman of the Commodity Futures Trading Commission (cftc said the agencies were coordinating with the Treasury Department and the Federal Reserve on the matter, but added that lawmakers may have to clarify and enhance regulatory powers.
Congress, holds, hearing to Modernize AML Laws Today. US, congress, holds, hearing to Modernize AML Laws Today. Keen-eyed bitcoiners discovered the event was only added to the.S.
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