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Another Debate on Cryptocurrencies in the U.S. Senate

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At the end of July, another debate on cryptocurrencies and blockchain will take place in the U.S. Senate.

Details of the debate

The Senate Banking Committee issued a statement announcing the discussion planned for 30 of July. It is called "Examining Regulatory Frameworks for Digital Currencies and Blockchain". The beginning of the debate is scheduled for 10:00 a.m. local time, and there will be a broadcast of this event. It will include several witnesses, such as Jeremy Allaire, CEO of the Circle platform, who will speak on behalf of The Blockchain Association, Rebecca M. Nelson, an international trade expert at Congressional Research Service, and Professor Mehrsa Baradaran from the University of California's School of Law

Further discussions in Congress

Not so long ago, there were hearings on the cryptocurrencies - Libra, specifically - in the Congress. The Committee had a lot of reservations about Facebook's plans, mainly regarding privacy, personal data protection and legal issues. At the end of the hearing, chairman Mike Crapo and ranking member Sherrod Brown expressed their concerns. Crapo:
We've got to look at how we structure data protection in the United States. We need to move to a comprehensive approach. What that structure exactly is, I can't tell you
Clearly, Americans don't trust Wall Street. They now are putting big tech and big banks in the same category. Because they've seen the betrayal and the undermining of our democratic values in Facebook and in other tech companies.
However, the question of how the next debate in the U.S. Congress will influence markings and opinions about cryptocurrencies still remains unanswered.
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