Bitcoin Forum

The US Senate Subcommittee on Monetary Policy and Trade is holding a hearing on Digital Currency/Crypto. You can tune into the livestream here (http://Subcommittee on Monetary Policy and Trade).

Bitcoin went up from $6,300 to $7500 yesterday, so it should be good news. It was the US senates decision for Bitcoin that moved the markets after Bitcoin was moving between $5,900 to $6300 for 3 months

I hope the outcome of the hearing comes out real good, our hands are crossed

It is nice to watch something like this. A senate hearing talks about cryptocurrencies how they thought about it, what is their opinions, what are their plans in the future about it, some crypto discussion like that.

think link you mentioned is not opening

As per coindesk news crypto currency are easy to uses but it reducing us dollar value thats why US Congressman Calls for Ban on Crypto Buying and Mining -  In US

you can listen the live coverage on twitter via coindesk -

https://twitter.com/coindesk/status/1019620496487444480

I went through the tweets there's not much we can conclude till they give a proper clarification there's vagueness all over it. If anyone has resources who's working under the senators please come here and reply. I see they have postponed it for another round so some breather for bitcoins but one definitely has to keep a close watch on thier next action

This is great to see. We saw the correlation where Bitcoin's value jumped 4 digits in the span of a day, so hopefully with more hype and discussion surrounding cryptocurrency, we can get others to re-kindle interest in betting on altcoins. Talk leads to awareness, awareness leads to action, action leads to relevance. We're on the right path to seeing a surge in Bitcoin value.

The more countries get involved in this topic, the better. With a few more surges coming in the near future, I wouldn't be surprised to see more investors hopping in the mix. Maybe this is the bullish run we're looking for?

Nothing will come out of this, a few people will take some quotes out of context to support bitcoin going to the moon and a couple other sites will use it as a way to (yet again take things out of context) and say that Bitcoin is dying. I understand that people think government comment is going to help, but I'd much rather Bitcoin be disregarded entirely then government saying GOOD thing about it. It's a LOT nicer to be off the radar for no reason then on the radar for a good reason. I'm right, right?

The latest sentiment has been quite relaxed, so I just hope this trend will continue. I suspect most of them will be concerned over the pseudo anonymity and possible links to terrorism funding and also money laundering, but this is quite normal. Proper regulation will help to reduce some of these problems, but like cash, not everything will be solved.

I tried the link, but I could not access the LIVE stream. I enjoyed the Canadian coverage, when Mr. Antonopolous addressed their senate.  8)

Ok, so the agenda for the talk was:


There hasn't been much commentary or response from the industry on what they discussed but there was one opinion tweeted that bodes well for all of us...

The full hearing is here: https://www.c-span.org/video/?448611-1/house-panel-examines-digital-currency

It seemed pretty positive overall. The witnesses weren't all perfect, but they were good on the whole. Dr. Michel in particular was perfect as far as I saw. Sherman spouted his usual FUD, but he was mostly alone.

It seems that they're mostly thinking of competing with Bitcoin, which is a hilarious effort doomed to fail. 90% of Bitcoin's value proposition is inherently in opposition to government control: irreversibly, privacy, limited supply, decentralization, etc. Any "FedCoin" they'd create is going to be a total failure, at least on any level that normal people would notice. If they created an actually-private e-cash system without any redundant block chain nonsense a la How To Make a Mint (http://groups.csail.mit.edu/mac/classes/6.805/articles/money/nsamint/nsamint.htm), then that's something that could actually compete with Bitcoin on some level, but there's basically zero chance of them doing that.

monopoly policy in bitcoin trade may be very necessary and very important in the market and I hope that with this policy will have a good impact for the coming crypto for the future.

Thanks for posting that. I'd agree, it went reasonably well, especially when you consider that Brad Sherman's focus on drugs and terrorists was completely expected. Pretty harsh stuff, though:

Aside from him, the atmosphere seemed reasonable and the panelists weren't too bad. As a couple others said, nothing will come of this -- this is just an informational hearing. But it's interesting to see the evolution of how elected officials view Bitcoin. They seem generally more receptive than what I remember from ~2013.

The news of these two days is positive for the market. We hope that the United States will have more support for the encrypted world.