Initial Coin Offerings To Be A Topic Of Discussion For The US Congress During A Hearing Next Week


Cryptocurrencies and initial coin offerings are on the list for discussion by a subcommittee of the United States Financial Services Committee in the House of Representatives next week.

As posted on the committee’s website, the Investment Subcommittee, Capital Markets, and Securities hearing will include a discussion about cryptocurrency and initial coin offerings. The hearing is scheduled for the 14th of March and will start by 10 a.m. EST. The title of the discussion is “Examining the ICO and the cryptocurrency markets.”

A US representative, Tom Emmer, who happens to be a member of the subcommittee, during an interview with reporters said that the nature of the hearing would be educational with the aim of providing attendees with information about how the cryptocurrency and initial coin offering markets operate.

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He implied that members of the subcommittee were growing interests in the subject and how the technology will apply in financial services like remittance. The hearing will mark the latest congressional foray in the cryptocurrency world about one month after the Senate Committee on Urban Affairs, Housing, and Banking hosted a hearing on the same topic. It was a major hearing that included testimonies from Jay Clayton and J. Christopher Giancarlo, the chairpersons of SEC and CFTC respectively. These two men, during the hearing, indicated that their agencies might ultimately look for additional oversight powers to look into the cryptocurrency market.

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At press time, there were no further details about the hearing. However, reports indicate that an agenda that outlines the scope of the hearing and the list of witnesses for the hearing will be released later. This is according to the reports by officials. Stakeholders in the cryptocurrency world are eager to see and debate on the results of the hearing scheduled for March 14th.


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