Financial Services Committee To Hold Virtual Currency Hearing

Update: Hearing summary available here.

On June 8, 2017, the Terrorism and Illicit Finance Subcommittee within the US House of Representatives’ Financial Services Committee will hold a hearing entitled “Virtual Currency: Financial Innovation and National Security Implications.”

Witnesses at the hearing include:

The hearing will examine national security concerns related to the usage of virtual currencies and blockchain technology. The aforementioned witnesses will testify on “the exploitation of virtual currency by terrorists and transnational criminal groups.” Risk assessments and policy considerations aim to reduce malevolent actions without obstructing FinTech innovation.