EOS has always been one of the most hype over ICO and now a smart contract platform. When it was announced by founder Dan Larimer in New York City in May 2017, a giant jumbotron advertisement could be seen glowing over Times Square. In the first 5 days of their ICO token sale, EOS raised an unprecedented $185 million in ETH — all without having any kind of product or service yet.
The ongoing hearing brings together US lawmakers and industry leaders to discuss different aspects of cryptocurrencies and their regulation.
The chief executive officers (CEOs) of six companies in the cryptocurrency industry are meeting Wednesday with the U.S. House Financial Services Committee to discuss issues related to the regulation of digital currencies.
The CEO ofCircleJeremy Allaire, the CEO ofFTX, Sam Bankman-Fried, el CEO deBitfury, Brian Brooks, el CEO dePaxosCharles Cascarilla, the CEO ofStellar Development FoundationDenelle Dixon, and the CEO ofCoinbase is an American company that operates a cryptocurrency exchange platform. Inc., Alesia Haas, participan del evento en Washington DC.
The discussion, which began at 10 a.m. ET, highlights growing interest in the digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currency currency is a medium of exchange that defines value. space among U.S. policymakers and could have a major impact on the future regulation of the industry in the US.
Más de cincuenta miembros del Congreso de los EE UU participan del encuentro, una oportunidad para hacer preguntas o aclarar inquietudes sobre el sector. El medio de noticias CoinDesk has been transmitting and reporting live on the event.
Líderes de criptomonedas llegan a Washington
An official memo about the hearing revealed that the focus of the regulators will be thestablecoins otokens vinculados a monedas fiduciarias. No obstante, la reunión también versa sobre asuntos generales relacionados con las criptomonedas, como la percepción actual del mercado, las protecciones a los inversores y el lugar de estos activos en la sociedad y la economía actual.
“Today’s hearing is part of the ongoing [effort] of this Committee.“to understand the cryptocurrency industry and the issues surrounding it, said U.S. Representative and Committee Chair Maxine Waters in a keynote address a place where cryptocurrency can be sent to and from, in the form of a string of letters and numbers. quoted byCoinDesk.
As of press time, most industry CEOs have filed comments with lawmakers. A diverse set of topics have been touched on ranging from cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. mining a process where blocks are added to a blockchain, verifying transactions. It is also the process through which new bitcoin or some altcoins are created. and its environmental impact, to the approval of the first ever ETF an Exchange-traded Fund, an investment fund that users trade on exchanges and trading platforms. for futures a futures contract is a standardized legal agreement to buy or sell a particular commodity or asset at a predetermined price at a specified time in the future. of Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. en EE UU. They have also brought to light some of the benefits that digital currencies can bring and thestablecoins to banking and financial services.
In a written statement issued prior to the hearing, which was subpoenaed by Cointelegraph Allaire said that Circle supported Congressional efforts for the ” national licensing and federal oversight “of stable currency issuers. The CEO of Paxos it looked like echoed this sentiment, describing the U.S. financial system as ” inappropriate ” to manage the emerging digital economy; although he noted that blockchain technology may offer a possible solution:
A Blockchain-based financial architecture could settle trades on the same day, mitigate counterparty risk and eliminate the costly central clearing house. This would allow market an area or arena, online or offline, in which commercial dealings are conducted. participants and regulators to monitor and correct settlement and margin shortfalls in real time.
A turning point for crypto in the U.S.
Among regulators, a number of questions have arisen about the sector, including some around the potential creation of a digital dollar based onBlockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. issued by the Federal Reserve (Fed). Meanwhile, leaders in the crypto space have also raised concerns, using the space to ask lawmakers for clearer regulation for companies in the sector.
Tomicah Tilleman, policy leader at Andreessen Horowitz, said the hearing was constructive and represents a milestone in financial and technology regulation for the United States. “ This is the first time members of Congress have used the platform a place to buy, sell and store cryptocurrency of a full committee hearing to highlight that Web 3 is the future of the Internet.” he said and continued:
It is a historic turning point in the national conversation about decentralized decentralization refers to the property of a system in which nodes or actors work in concert in a distributed fashion to achieve a common goal. technology. It is also seeing members recognize the potential of web3 platforms to solve many problems they care about, including remittances and financial inclusion. So far, the tone from all participants has been reasonable and constructive.
Still in progress at the time of publication, the House committee hearing seeks to discuss four key issues of the cryptographic space, in accordance with Cointelegraph . These are: exchanges, offers of stablecoins regulatory concerns in digital assets and federal regulatory responses. Lawmakers are also likely to discuss other hot topics such as decentralized finance (DeFi), given its potential to revolutionize financial services.
It should be noted that the Senate Banking Committee will follow up on this meeting with a hearing dedicated to the issue ofstablecoins Tuesday of next week.
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Article by Hannah Estefania Perez /DiarioBitcoin
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