US Senate hears testimony re cryptocurrency regulation

Today the U.S. Senate Committee on Banking, Housing and Urban Affairs heard testimony to examine the regulatory frameworks for digital currencies and blockchain. The witnesses separately argued that there’s a need to create a new digital asset class for regulation, that new laws are required to provide certainty, and that cryptocurrencies are not likely to address the needs of the U.S. unbanked and underbanked.

What might regulation look like?

Chairman Crapo asked an excellent question. “How can the U.S. develop a more comprehensive approach to digital currency and blockchain regulation while still acknowledging the unique aspects of different projects?”

Article continues …