Inside The Latest Congressional Hearing On Crypto

Law360 (August 6, 2018, 3:02 PM EDT) -- On July 18, 2018, the U.S. House of Representatives' Committee on Agriculture convened a full hearing to solicit ideas and discuss the regulation of cryptocurrencies and blockchain technology. This was the second House committee hearing on the subject, following the Financial Services Committee's first hearing in March 2018. In general, committee members voiced support for the development and mass adoption of this new technology. Other committee members, however, expressed concerns over price volatility, initial coin offering scams and the connection between cryptocurrencies and illicit activities — subjects that have been an increasing focus of numerous civil lawsuits[1] over the past few...

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