U.S. Congress to “Demystify” Crypto at Next Week Hearing

The U.S. Congress Joint Economic Committee (JEC) will be holding a hearing next week to discuss the role of the government when it comes to digital assets.

According to JEC’s schedule, the “Demystifying Crypto: Digital Assets and the Role of Government” hearing will be held on 17 November at 2:30 p.m. EST, and will also be streamed on JEC’s YouTube channel. The event will be chaired by Representative Don Beyer, who back in July introduced a bill to expand the regulatory and legal framework for cryptocurrencies in the U.S..

The Joint Economic Committee includes Republican and Democratic members from both the House of Representatives and the Senate, and counts amongst its members lawmakers such as Senator Ted Cruz and Rob Portman, both of which have already spoken in favor of crypto regulations.

Four industry experts have been invited to testify at the hearing, including Open Markets Institute’s director of financial policy Alexis Goldstein, and Coin Center’s director of research Peter Van Valkenburgh. Another witness will be Tim Massad, former chairman of the Commodity Futures Trading Commission (CFTC), research fellow at Harvard Kennedy School, and adjunct law professor at Georgetown Law Center. The final participant will be Kevin Werbach, a legal studies and business ethics professor at the University of Pennsylvania’s Wharton School, and the director of its Blockchain and Digital Asset Project.