Dec 11, 2022
FTX, a large cryptocurrency exchange, recently went bankrupt, leading to calls for government regulation of cryptocurrencies. But you might be wondering, what are cryptocurrencies? In part one of this two-part series, listen to expert testimony provided over a four-year period informing Congress about the cryptocurrency industry, the promise of blockchain, problems - both real and overblown - with this new technology, and how best to regulate this complicated industry.
Please Support Congressional Dish – Quick Links
- Contribute monthly or a lump sum via PayPal
- Support Congressional Dish via Patreon (donations per episode)
- Send Zelle payments to: Donation@congressionaldish.com
- Send Venmo payments to: @Jennifer-Briney
- Send Cash App payments to: $CongressionalDish or Donation@congressionaldish.com
- Use your bank’s online bill pay function to mail contributions to: 5753 Hwy 85 North, Number 4576, Crestview, FL 32536.
Please make checks payable to Congressional Dish
Thank you for supporting truly independent media!
Background Sources
Recommended Congressional Dish Episodes
CD235: The Safe Haven of Sanctions Evaders
CD262: Inside C-SPAN with Howard Mortman
Proof of Work
Jake Frankenfield. May 2, 2022. "What Is Proof of Work (PoW) in Blockchain?" Investopedia.
Initial Coin Offering (ICO)
Jake Frankenfield. Aug 18, 2022. “Initial Coin Offering (ICO): Coin Launch Defined, with Examples.” Investopedia.
Sherwin Dowlat. Jul 11, 2018. “Cryptoasset Market Coverage Initiation: Network Creation.” Satis Group.
Madison Cawthorn
The Associated Press. Dec 7, 2022. "Rep. Madison Cawthorn broke rules over a 'meme' crypto, a House panel finds." NPR.
Regulations
Cheyenne Ligon. Dec 5, 2022. “The ‘Good Cop and Bad Cop’ of US Crypto Regulations.” CoinDesk.
Bills
S.4760 - Digital Commodities Consumer Protection Act of 2022
Sponsor: Sen. Debbie Stabenow
Audio Sources
Cleaning Up Cryptocurrency: The Energy Impacts of Blockchains
January 20, 2022
House Committee on Energy & Commerce, Subcommittee on Oversight and
Investigations
Witnesses:
Ari Juels, Weill Family Foundation and Joan and Sanford I. Weill Professor, Jacobs Technion-Cornell Institute, Cornell Tech
John Belizaire, Chief Executive Officer, Soluna Computing, Inc.
Brian Brooks, Chief Executive Officer, BitFury
Steve Wright, Former Chief Executive Officer, Chelan County Public Utility District and Bonneville Power Administration
Gregory Zerzan, Shareholder Jordan Ramis P.C.
Schemes and Subversion: How Bad Actors and Foreign Governments Undermine and Evade Sanctions Regimes
June 16, 2021
House Committee on Financial Services, Subcommittee on National
Security, International Development and Monetary Policy
Witnesses:
Jesse Spiro, Global Head of Policy & Regulatory Affairs, Chainalysis
Eric B. Lorber, Senior Director, Center on Economic and Financial Power, Foundation for Defense of Democracies
Dollars Against Democracy: Domestic Terrorist Financing in the Aftermath of Insurrection
February 25, 2021
House Financial Services Committee, Subcommittee on National
Security, International Development and Monetary Policy
Witness
Daniel Glaser, Former Assistant Secretary for Terrorist Financing and Financial Crimes, U.S. Department of the Treasury
Examining Regulatory Frameworks for Digital Currencies and Blockchain
July 30, 2019
Senate Committee on Banking, Housing, and Urban Affairs
Committee concluded a hearing to examine regulatory frameworks for digital currencies and blockchain, including S. 2243, to amend the Expedited Funds Availability Act to require that funds deposited be available for withdrawal in real-time.
Witnesses:
Jeremy Allaire, Co-Founder, Chairman and Chief Executive Officer, Circle, on behalf of The Blockchain Association
Dr. Rebecca M. Nelson, Specialist in International Trade and Finance, Congressional Research Service
Professor Mehrsa Baradaran, Professor of Law, University of California, Irvine School of Law
Exploring the Cryptocurrency and Blockchain Ecosystem
October 11, 2018
Senate Committee on Banking, Housing, and Urban Affairs
Committee concluded a hearing to examine the cryptocurrency and blockchain ecosystem, including S. 3179, to require the Comptroller General of the United States to carry out a study on how virtual currencies and online marketplaces are used to buy, sell, or facilitate the financing of goods or services associated with sex trafficking or drug trafficking.
Witnesses:
Dr. Nouriel Roubini, Professor of Economics and International Business, New York University Stern School of Business
Peter Van Valkenburgh, Director of Research, Coin Center
Cover Art
Design by Only Child Imaginations