Congressional Hearing: The Future of Digital Currency
January 1, 2018
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Finance Connection
| Candidate | Donor | Amount | Industry | Date |
|---|---|---|---|---|
| FRIENDS OF ANDY BARR COMMITTEE | CLEMENTI, CHRISTOPHER | $17,000 | CEO | Mar 2026 |
| FRIENDS OF ANDY BARR COMMITTEE | CLEMENTI, MICHAEL S | $17,000 | PRESIDENT | Mar 2026 |
| FRIENDS OF ANDY BARR COMMITTEE | PATRICOFF, HAROLD JR. | $10,000 | ATTORNEY | Mar 2026 |
| FRIENDS OF ANDY BARR COMMITTEE | PATRICOFF, NELEA | $10,000 | - | Mar 2026 |
| FRIENDS OF ANDY BARR COMMITTEE | CLEMENTI, JUSTIN | $10,000 | VICE PRESIDENT | Mar 2026 |
| FRIENDS OF ANDY BARR COMMITTEE | ABRAMOWITZ, KENNETH | $1,000 | RETIRED | Mar 2026 |
| FRIENDS OF ANDY BARR COMMITTEE | AMERICAN MARITIME OFFICERS VOLUNTARY POLITICAL ACTION FUND | $1,000 | - | Mar 2026 |
Reported financial relationships and timing signals. This does not prove motive or influence. Readers draw their own conclusions.
The Frame
This hearing established the formal legislative record for how Congress evaluates the potential integration of digital currencies into the U.S. financial system, which could eventually influence future regulations on digital assets and banking.
Potentially affected actors named in the source documents. Mention is not a position.
Financial institutions
These entities are subject to potential future regulatory changes regarding how digital currencies are handled.
Digital currency developers
The legislative interest in digital currency may lead to future oversight or standards for their products.
Last recorded activity January 1, 2018.
Next step not available in the current record.
Summary
Key Facts
- The hearing took place on July 18, 2018, in the Rayburn House Office Building.
- The hearing was titled 'The Future of Money: Digital Currency'.
- The subcommittee defined money as anything acting as a store of value, a unit of account, and a medium of exchange.
- Four expert witnesses provided prepared statements for the record.
- The Chair authorized a recess at any time and allowed 5 legislative days for members to submit extraneous materials.
Why It Matters
This hearing established the formal legislative record for how Congress evaluates the potential integration of digital currencies into the U.S. financial system, which could eventually influence future regulations on digital assets and banking.
Frequently Asked Questions
What was the purpose of this hearing?
Who testified at the hearing?
News Coverage
Sponsors
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Early Congressional Interest
The hearing demonstrates that Congress began formal inquiries into digital currency as early as 2018.
Connected Entities
Sources
www.govinfo.gov
Analysis Score
0–100- Significance40How much this matters to a regular citizen
- Controversy10Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz10Current news / social attention level
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