Senate Banking Committee to Hold Hearing on Crypto Regulation

Nikhilesh De

The Senate Banking Committee will hold a hearing on regulatory frameworks for cryptocurrencies and blockchain next week.

The committee said in a press release that it would hold an open session titled “Examining Regulatory Frameworks for Digital Currencies and Blockchain” on July 30, though it is unclear if this would be a fact-finding mission or if any specific pieces of legislation would be discussed.

Circle CEO Jeremy Allaire, representing the Blockchain Association; Rebecca Nelson, a member of the Congressional Research Service specializing in international trade and finance; and Mehrsa Baradaran, a law professor at the University of California Irvine School of Law will testify as expert witnesses.

The hearing will be livestreamed.

The Senate Banking Committee has held a number of hearings around the space, with the most recent taking place last week, focused on Facebook’s Libra.

Click here to read more of this Coindesk article by Nikhilesh De.