US Congress to Examine ICOs in Hearing Upcoming Week

A subcommittee of the U.S. Home of Associates Financial Services Committee is set to keep a listening to next 7 days on cryptocurrencies and preliminary coin offerings (ICOs).

A discover posted on the committee’s internet site states that the Money Markets, Securities, and Investment decision Subcommittee listening to – entitled “Analyzing the Cryptocurrencies and ICO Markets” – is scheduled for March 14 at 10 a.m. EST.

Speaking to Bit-coinTalk on the sidelines of this week’s DC Blockchain Summit, U.S. Representative Tom Emmer – a member of the subcommittee – recommended that the listening to would mostly be academic in character, aimed at giving members with much more information and facts about the market place for cryptocurrencies and token profits.

He also indicated that, amongst Financial Services Committee members, there’s a rising curiosity in mastering much more about the topic and the implications of the tech’s use in spots like remittances.

The listening to represents the most up-to-date Congressional foray into the environment of cryptocurrencies, coming much more than a thirty day period following the Senate Committee on Banking, Housing and Urban Affairs held a significant listening to on the topic that involved testimony from Securities and Trade Commission (SEC) chairman Jay Clayton and Commodity Futures Buying and selling Commission (CFTC) chairman J. Christopher Giancarlo. At that listening to, the two notably indicated that their respective agencies could eventually search for further oversight powers above the market place.

As of press time, no even further details have been revealed pertaining to the listening to. An agenda outlining the scope of the listening to, as effectively as who is set to look as witnesses, is forthcoming, officers stated.

Capitol Hill image by means of Shutterstock

The leader in blockchain information, Bit-coinTalk is a media outlet that strives for the greatest journalistic criteria and abides by a rigorous set of editorial guidelines. Bit-coinTalk is an independent operating subsidiary of Digital Forex Team, which invests in cryptocurrencies and blockchain startups.


Please enter your comment!
Please enter your name here