This episode is sponsored by Nexo, Abra and FTX US.Download this episodeThis week on the “Weekly Recap,” NLW breaks down the House hearing on energy in the crypto industry. He looks at problems with the advance memo and provides refutations of some of the misunderstandings.See also: Witnesses Debate Crypto Mining's Efficiency in Congressional Hearing on Environment“The … [Read more...] about What Happened at Congress’ Bitcoin Energy Hearing?
Congress
US Congress Organizing Oversight Hearing on Crypto Mining’s Environmental Footprint: Report
The Oversight and Investigations subcommittee of the House Energy and Commerce Committee is currently drawing up a list of witnesses. They will be questioned about the energy use of proof-of-work mining, the type of mining used for bitcoin, according to the report. Source link … [Read more...] about US Congress Organizing Oversight Hearing on Crypto Mining’s Environmental Footprint: Report
Crypto firms call on U.S Congress to move with the times amid regulatory mismanagement
On Wednesday, key executives at six major crypto firms testified before the House Financial Services Committee, saying shoehorning existing rules doesn’t work.Over a near five-hour stint, representatives from Coinbase, Circle, FTX, Bitfury, Paxos, and Stellar fielded questions to educate lawmakers on understanding the intricacies of cryptocurrency, ransomware, investor … [Read more...] about Crypto firms call on U.S Congress to move with the times amid regulatory mismanagement
House memo details Congress’ priorities ahead of crypto CEO hearing
The United States House Committee on Financial Services released a memorandum detailing the points of discussion during the hybrid hearing on digital assets, to be held today at 10:00 a.m. ET.Addressing the members of the Financial Services Committee, the memo confirmed that the hearing will dedicate one panel to six executives from the crypto community as witnesses. The list … [Read more...] about House memo details Congress’ priorities ahead of crypto CEO hearing
What We Learned From Congress’ ‘Demystifying Crypto’ Hearing
This episode is sponsored by NYDIG.Download this episodeYesterday’s show was a global regulatory roundup, but today’s is all about the U.S. The Joint Economic Committee held an event this week all about “Demystifying Crypto.” In this episode, NLW looks at:The overall shift in tone in government crypto hearingsThe specific questions and topics that JEC members askedThe … [Read more...] about What We Learned From Congress’ ‘Demystifying Crypto’ Hearing