Executives from the top crypto firms in the US will be testifying in an upcoming hearing on digital assets to the House Committee on Financial Services, led by Congresswoman Maxine Waters.
In a statement, Waters names six executives in the digital asset space who will testify at the hearing on December 8th.
The names include:
The hearing is entitled “Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States.”
In an interview with CNBC, Bitfury CEO Brian Brooks says that one of the things he hopes is discussed at the hearing is the lack of clarity behind the issuance of stablecoins.
“First of all, are we or are we not going to resolve some of the contradictions in US crypto policy?
Just to give you an example of that, we’ve got an administration that is taking the position that only banks should be able to issue stablecoins.
But it seems like the posture of the administration is also that companies that issue stablecoins can’t be banks, so my hope is we’ll talk a little about how do we resolve these Kafkaesque contradictions.”
Brooks also mentions that he hopes Bitcoin (BTC) and crypto mining can be sold as something that can be a part of an environmentally sustainable future, rather than an obstacle to it.
The hearing can be watched live, here.
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