- Digital assets have been a controversial topic in the United States.
- In 2019 U.S. house Scheduled a hearing on “Review of Domestic and International Approaches to digital currencies” on 24 March.
- The Announcement of the march Committee is schedule is made by chairwoman Maxine Water (D-CA).
Digital Assets and the United States
Digital assets have been a controversial topic in the United States. The US is one of the countries where digital assets like cryptocurrencies and usage of blockchain are done heavily by the people. US government is keeping a keen eye on the digital assets because of the nature of cryptocurrencies, as it is not regulated by any external bodies and decentralization which makes it no less than a nuke for its economy.
Cryptocurrencies have a wide reach over time and now it evolved into something big that no one can deny it other than Warren Buffett. From an international point of view, every country adopted a different policy and view of this type of currencies.
Some support it and have encouraged mining in the country but others just absolutely despise it to the core and banned it like India and China. The U.S., on the other hand, wants to establish a balance between risk management and financial innovation through bitcoin.
U.S. Scheduled hearing on “Digital Currencies”
In 2019 U.S. house Scheduled a hearing on “Review of Domestic and International Approaches to digital currencies” on 24 March. The notice of the hearing had been published on February 21.
The subcommittee is chaired by Representative Emanuel. Currently, there is little information about the hearing, Including key areas of inquiry or witnesses.
The Announcement of the march Committee is schedule is made by chairwoman Maxine Water (D-CA). Maxine Waters is an American Politician and currently serving as the U.S rep. for California’s 43rd Congressional district since 2013.
She is also known to be a member of the Democratic party and currently in her 15th term in the white house. The hearing will be held at 2:00 PM on the said date and the subcommittee will be on National Security, International Development and monetary policy.
Unlike the other broadcasts, the markups and hearing will take place on 2128 Rayburn House Office Building and will be broadcasted live on financialservice.house.gov.