Hearings

Senate Banking Committee Remains Open to Idea of Digital Dollar in Tuesday’s Hearing

Not every U.S. lawmaker is on board with the idea of a central bank digital currency (CBDC) or digital dollar, but no one explicitly rejected it during a hearing of the powerful Senate Banking Committee Tuesday. That’s probably the biggest takeaway from Tuesday’s hearing, where the panel heard from former regulator turned CBDC evangelist Chris …

Senate Banking Committee Remains Open to Idea of Digital Dollar in Tuesday’s Hearing Read More »

Witnesses Will Vouch for Stablecoins, Digital Dollars in US Senate Hearing Tuesday

The idea of a “digital dollar” will once again rear its head before the U.S. Congress on Tuesday. The U.S. Senate Committee on Banking, Housing and Urban Affairs will hold a hearing on “The Digitization of Money and Payments,” and while few details have been released, the witnesses – former Commodity Futures Trading Commission (CFTC) …

Witnesses Will Vouch for Stablecoins, Digital Dollars in US Senate Hearing Tuesday Read More »

Digital Dollar? Get Real, Financial Inclusion Advocates Tell Congress

Currently just a flashy idea, the digital dollar is competing with more prosaic but proven 20th-century methods for the job of getting stimulus funds to every U.S. resident. That’s the takeaway from Thursday’s House Financial Services Committee (FSC) hearing, where witnesses advocated different solutions to the problem. Making the case for an electronic greenback was …

Digital Dollar? Get Real, Financial Inclusion Advocates Tell Congress Read More »

Drug Dealer Just Sentenced to 25 Years Hoped to Build a Better Bitcoin Miner

Paul Calder Le Roux, an admitted drug dealer with a background in encryption, planned to build a bitcoin miner had he beaten the rap. In a last-ditch attempt to avoid incarceration, Le Roux wrote a letter to District Judge Ronnie Abrams, of the Southern District of New York (SDNY), this week detailing his personal history …

Drug Dealer Just Sentenced to 25 Years Hoped to Build a Better Bitcoin Miner Read More »