Watch It Live: US Congressional Hearing on Cryptocurrency
Update: The House Financial Services Committee’s hearing called “The Future of Money: Digital Currency” has just ended. You can watch the full hearing below:
The Subcommittee on Monetary Policy and Trade will hold a hearing entitled “The Future of Money: Digital Currency” at 2:00 p.m. on Tuesday, July 18, 2018, in Room 2128 of the Rayburn House Office Building. This will be a one-panel hearing with the following witnesses:
• Dr. Rodney J. Garratt, Maxwell C. and Mary Pellish Chair, Professor of Economics,
University of California Santa Barbara
• Dr. Norbert J. Michel, Director, Center for Data Analysis, The Heritage Foundation
• Dr. Eswar S. Prasad, Senior Fellow, The Brookings Institution
• Mr. Alex J. Pollock, Distinguished Senior Fellow, R Street Institute
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This hearing will examine the extent to which the United States government should consider cryptocurrencies as money and the potential domestic and global uses for cryptocurrencies. The Subcommittee will evaluate the merits of any uses by central banks of cryptocurrencies, and discuss the future of both cryptocurrencies and physical cash.
Comments 3
Macarious
Jul 18, 2018But the caption at the beginning is a total misdirection
And that right there shows that it was aimed at discouraging and discrediting the hearing hence creating some sort of panic.
Nothing was concluded and if anything the witnesses have valid points and government sees that this will not blow away but instead flourish. Digitization is highly disruptive to the financial systems already in olancd and this is why they are trying to suggest a federal reserve coin. But, as one of the witnesses said, this idea will only monopolize the financial market. Key thing to take out of this is: crypto currency is currency becuse it is backed by the belief of two or more people as a means of payment and no government has the right to discredit it.
ripcurldog
Jul 18, 2018Some of the older guys in that hearing were clueless when it comes to crypto. Amazing! As these older guys are replaced with the younger generation, the rise of crypto is all but guaranteed!
Brett Denaro
Jul 18, 2018Wow, that Mr. Sherman guy is super arrogant!