Cryptocurrency
Witnesses Will Vouch for Stablecoins, Digital Dollars in US Senate Hearing Tuesday
As reported at Coindesk, “The idea of a ‘digital dollar’ will once again rear its head before the U.S. Congress on Tuesday. “The U.S. Senate Committee on Banking, Housing and Urban Affairs will hold a hearing on ‘The Digitization of Money and Payments,’ and while few details have been released, the witnesses – former Commodity […]
As reported at Coindesk, “The idea of a ‘digital dollar’ will once again rear its head before the U.S. Congress on Tuesday.
“The U.S. Senate Committee on Banking, Housing and Urban Affairs will hold a hearing on ‘The Digitization of Money and Payments,’ and while few details have been released, the witnesses – former Commodity Futures Trading Commission (CFTC) Chair J. Christopher Giancarlo, Paxos co-founder and CEO Charles Cascarilla and Duke University Visiting Professor of Law Nakita Cuttino – suggest the focus may center in part around central bank digital currencies and stablecoins.
“The hearing may tread similar ground to a recent one hosted by a subcommittee with the House Financial Services Committee, which addressed questions of financial inclusion and how best to send relief funds to U.S. residents quickly and efficiently. Witnesses at the time called for tried-and-proven alternatives to building a novel tokenized system…”