27 Apr '17, 10am

Bitcoin's DC Debut: All Eyes Watch the US Government's Response

Jerry Brito is a pioneer in matters relating to cryptocurrency regulation. A former senior research fellow at the Mercatus Center, he now serves as executive director at non-profit advocacy group Coin Center. In this entry in CoinDesk's "Bitcoin Milestones " series, Brito discusses one of the first major regulatory hearings centered on bitcoin in the US. On 18th November, 2013, the Senate Homeland Security and Governmental Affairs Committee held the US Congress's first hearing on bitcoin. These days, such meetings hardly raise an eyebrow. Back then, though, the hearing was a big deal for obvious reasons – and I testified. First, it's important to remember this hearing came at the end of a string of announcements that, while aiming to clarify how the industry was regulated, ended up stoking fears among users. In March of that year, the Financial Crimes Enforcement Network (...

Full article: http://www.coindesk.com/jerry-brito-bitcoin-milestones-bi...

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