FEDERALhearing transcript

Congressional Hearing on Digital Currency and Blockchain Technology

Original title: THE DISRUPTER SERIES: DIGITAL CURRENCY AND BLOCKCHAIN TECHNOLOGY

January 1, 2016

digital currency blockchain technology financial regulation technology policy

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The Frame

What this does

The hearing established the early federal legislative framework for how digital assets and systems are understood and regulated in the United States.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Digital currency and blockchain companies

These entities provided testimony regarding the regulatory environment and technological potential of their industry.

House Committee on Energy and Commerce

The committee members gathered information to inform future legislative and oversight activities regarding financial technology.

What changed

Last recorded activity January 1, 2016.

What's next

Next step not available in the current record.

Summary

This document is a transcript record of a 2016 House subcommittee hearing exploring the development and regulatory implications of digital currencies and technology. Industry experts and legal counsel provided testimony to help lawmakers understand the potential impacts of these emerging technologies.

Key Facts

The hearing took place on March 16, 2016, in the Rayburn House Office Building.
The hearing was held by the Subcommittee on Commerce, Manufacturing, and Trade of the House Committee on Energy and Commerce.
The session was part of the 'Disrupter Series' focused on emerging technologies.
Seven industry experts and legal professionals provided testimony regarding digital currency and blockchain.
A letter from Ryan Zagone of Ripple regarding regulatory relations was submitted into the record.

Frequently Asked Questions

What was the purpose of this hearing?

The hearing was held to gather information from industry experts about and technology as part of the committee's 'Disrupter Series'.

Who testified at the hearing?

Witnesses included representatives from Coin Center, Coinbase, IBM, Factom, Circle Internet Financial, BuckleySandler, and the Chamber of Digital Commerce.

Why It Matters

The hearing established the early federal legislative framework for how digital assets and systems are understood and regulated in the United States.

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift90% confidence

Early Congressional Interest

The hearing demonstrates that Congress was actively investigating blockchain technology as early as 2016 under the 'Disrupter Series' framework.

House Committee on Energy and Commerce

Connected Entities

personJohn Beccia“General Counsel and Chief Compliance Officer, Circle Internet Financial”Map →

personDana V. Syracuse“Counsel, BuckleySandler, LLP”Map →

personMichael C. Burgess“Chairman of the Subcommittee on Commerce, Manufacturing, and Trade”Map →

personMatthew Roszak“Chairman, Chamber of Digital Commerce, and Co-Founder, Bloq, Inc.”Map →

personPaul Snow“Chief Architect and Co-Founder, Factom, Inc.”Map →

personJerry Brito“Executive Director, Coin Center”Map →

personJuan Suarez“Counsel, Coinbase, Inc.”Map →

personJerry Cuomo“Vice President, Blockchain Technologies, IBM”Map →

Sources

Open source document

www.govinfo.gov

Analysis Score

0–100

Significance60
How much this matters to a regular citizen
Controversy20
Intensity of disagreement among stakeholders
Entertainment10
Compellingness for a non-policy-wonk reader
Buzz15
Current news / social attention level

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