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:
- Jerry Brito, executive director at Coin Center, a leading non-profit research and advocacy center focused on public policy related to cryptocurrency and decentralized computing;
- Scott Dueweke, President of The Identity and Payments Association, a worldwide association for companies, organizations, and professionals in digital payments and identity verification;
- Kathryn Haun, lecturer at Stanford Law School and a federal prosecutor with the US Department of Justice;
- Jonathan Levin, co-founder and CRO of Chainalysis, a global provider of anti-money laundering software for Bitcoin; and
- Luke Wilson, Vice President of Business Development-Investigations at Elliptic, a blockchain intelligence company that identifies illicit activity on the Bitcoin blockchain for Bitcoin companies and law enforcement agencies.
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.