The Complex Course of Crypto. Will More Regulation Follow Congressional Hearings?



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Patrick Campos, Chief Strategy Officer at Securrency, a developer of blockchain-based financial and regulatory technology joins Quicktake to discuss Congressional hearings focused on cryptocurrency regulation.

Chief executives of major cryptocurrency firms stepped into the glare of congressional scrutiny for the first time on Wednesday, testifying at a hearing that could help further legitimize the burgeoning industry but showed the difficulties officials face in policing digital coins.

Leaders of Circle Internet Financial Inc., the FTX derivatives exchange, Coinbase Global Inc. and other firms endured a battery of questions on how their businesses should be regulated, and the executives answered without getting into controversial arguments. Still, the clear partisan divisions that emerged between lawmakers showed that the prospects for passing legislation to regulate crypto are dim.

Watch the video and read more here: https://www.bloomberg.com/news/articles/2021-12-08/crypto-chiefs-face-democrat-skeptics-gop-supporters-at-hearing
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Cryptocurrencies
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