The Subcommittee on Capital Markets, Securities, and Investment convened Wednesday, March 14, to discuss the future of cryptocurrencies, digital currencies, ICOs, and Blockchain development in the US.
Throughout the course of the proceedings, it became clear that the panel of four crypto and Blockchain industry experts was more or less in agreement that further regulatory clarification from the US government is necessary. However, the committee members, representing different parties and a wide range of ideologies, displayed a range of positions, from condemnation, to hands-off encouragement.
Following opening remarks, representatives on the committee interviewed the panel of experts on topics ranging from the efficacy of current regulations and regulatory bodies, like the Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC), to cybersecurity and the nature of Initial Coin Offerings (ICOs). Representatives who were unfamiliar with cryptocurrencies and Blockchain took the opportunity chance to clarify these terms with top experts.