The Subcommittee on Capital Markets, Securities, and Investment considered the major questions associated with cryptocurrency and Initial Coin Offerings (ICO) in a recent hearing entitled “Examining Cryptocurrencies and ICO Markets” that took place in Washington DC on March 14.

At the hearing, the Subcommittee discussed ICOs and cryptocurrency, the potential benefits for the economy, provision of legal support to its investors, and the development of a regulatory approach applied by the appropriate US regulatory bodies.

In his testimony, Mike Lempres, Chief Legal and Risk Officer at Coinbase wallet and cryptocurrency exchange, stated that the power of the digital currency’s technology can transform “capital formation, innovation and economy,” saying that its “tremendous potential” can be only achieved through “responsible regulation.”

Source: https://cointelegraph.com/news/at-dc-hearing-coinbase-calls-out-federal-regulators-for-harming-innovation