US Senate hearings on Bitcoin

[alyssa85]

It's happening today.

Virtual Currencies Securities and Exchange Commission (SEC) Chair Jay Clayton and Commodity Futures Trading Commission (CFTC) Chair Christopher Giancarlo testify at a hearing on virtual currencies.

Airing LIVE Tuesday, Feb 06 10:00am EST on C-SPAN.org


https://www.banking.senate.gov/public/index.cfm/hearings?ID=D8EC44B1-F141-4778-A042-584E0F3B9D39

It's going well:

"DLT is likely to have a broad and lasting impact on global financial markets in payments, banking, securities settlement, title recording, cyber security and trade reporting and analysis.24 When tied to virtual currencies, this technology aims to serve as a new store of value, facilitate secure payments, enable asset transfers, and power new applications." -The Honorable J. Christopher Giancarlo

[1715452709]

1715452709

[1715452709]

1715452709

[wichitan]

Thanks for sharing the link. Looks pretty cool!

[alyssa85]

Have just discovered C-span is live streaming the hearing on their website:

https://www.c-span.org/video/?440770-1/jay-clayton-christopher-giancarlo-testify-hearing-virtual-currencies

They also have an option to watch the recorded hearing from the beginning

[zxl912157]

Hopefully the news will change the current situation, 50% of my assets disappear and make my life journey dark.
hopefully this month the storm will soon pass.

[slothtrooper]

Seems to be very positive, they all buying up massive amounts of BTC and Alt coins.

[wichitan]

Rather abrupt ending? Overall tone was one of caution, but did not seem like they wished to "end" it. Seemed like the discussions will continue and some sort of regulations to protect investors is in the offing. Thoughts?

[cr1tbayman]

That's interesting, how do you think it might influence global crypto market?

[felicanoma]

Thanks for the information you share it really helps me thinking about what has happened now.
hopefully all this is quickly resolved and everything becomes stable and makes the bitcoiner happy.

[wichitan]

That's interesting, how do you think it might influence global crypto market?

My take would be that it will bring initial caution but infuse further confidence eventually; with increased regulation.

[mahibul49]

everything is going well with bitconi right now and we will see massive pull back soon.
do not lost bitcoin.its future and crypto is future.

[w5pn73]

They have been a lot more positive than I initially thought, is the US going to save the day?

[Zyborg]

US Senate hearing for regulating cryptocurrency ended in a very positive direction today.Bitcoin Blockchain technology was discussed in hearing and the participants supported BTC indirectly.Today`s discussion will prove good move for BTC and it will have good effects on BTC later on.Such things would once again give rise to upward trend in BTC value.They told that they are working hard to crackdown on fraudsters,manipulators,in relation to ICO.Lets hope for a positive change.These events would lead to boost BTC again.

[Omega Weapon]

They have been a lot more positive than I initially thought, is the US going to save the day?

I do not think the US is going to save the day, but this is still good news, however that does not means they are going to let the market to operate as it has been, they want heavier regulation in almost all aspects of cryptocurrencies, they are being greedy they are seeing this technology can possibly bring a lot of money in taxes in the future and they do not want to miss a piece of the action.

[LeonardoDiCrypto]

IF the VIP people who had to fill their bags with cheap coins have got enough of them, the mainstream media could start to hype again positively Bitcoin. The Senate hearings could be the first step. However, my bet is that those sharks want even cheaper coins.

[pritibitisi]

US Senate hearing for regulating cryptocurrency ended in a very positive direction today.Bitcoin Blockchain technology was discussed in hearing and the participants supported BTC indirectly.Today`s discussion will prove good move for BTC and it will have good effects on BTC later on.Such things would once again give rise to upward trend in BTC value.They told that they are working hard to crackdown on fraudsters,manipulators,in relation to ICO.Lets hope for a positive change.These events would lead to boost BTC again.

is this the start of the market stability again? is this goodnews or very good news
CFTC Chairman J. Christopher Giancarlo just declared the bottom of the Crypto crash by embracing CRYPTOS.
Anyways  they can not regulate and stop this cryptocurrency, no choice but to embrace.

[peter0425]

I  think the news has really brought the confidence into the market once again. I was quite surprise the market jumps in short amount of time so for me this is the positive impact that we are all been waiting for. It is above $76xx from almost $7K just a few hours ago.

US Senate hearing for regulating cryptocurrency ended in a very positive direction today.Bitcoin Blockchain technology was discussed in hearing and the participants supported BTC indirectly.Today`s discussion will prove good move for BTC and it will have good effects on BTC later on.Such things would once again give rise to upward trend in BTC value.They told that they are working hard to crackdown on fraudsters,manipulators,in relation to ICO.Lets hope for a positive change.These events would lead to boost BTC again.

is this the start of the market stability again? is this goodnews or very good news
CFTC Chairman J. Christopher Giancarlo just declared the bottom of the Crypto crash by embracing CRYPTOS.
Anyways  they can not regulate and stop this cryptocurrency, no choice but to embrace.

Its a open-ended statement. But the positive thing is that he says that they can't regulate crypto itself. This is what we wanted to hear. And this is what investors are all been waiting for. I'm sure that in the next coming days, everyone will bounce back not only bitcoin but all alts as well. Congrats to all holders who didn't panic during the crisis and raise the white flag.

[Jet Cash]

Is the US still important in the world of crypto-currencies. They seem to be getting left behind with Russia, China, Venezuela, Sweden and a number of other countries looking to start their own national cryptos.

[Washball]

Although some caution should be kept, the US authorities were very mild on cryptocurrencies and they don't want to do any harm. Of course they want regulations to have some control and to have a share by charging taxes. But things could have been much worse. Now the path is paved for bitcoin to increase.

[turalpx]

Although some caution should be kept, the US authorities were very mild on cryptocurrencies and they don't want to do any harm. Of course they want regulations to have some control and to have a share by charging taxes. But things could have been much worse. Now the path is paved for bitcoin to increase.

+

[desi92]

Hopefully the news will change the current situation, 50% of my assets disappear and make my life journey dark.
hopefully this month the storm will soon pass.

Its more than 50% in my asset but i am relax since the time will answer everything.
Patience will worth very expensive now. Just patient and not panic are the key of our asset recovery.