Finance & Technology
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Facebook Inc. got a preview Wednesday of what to expect next week when executives come to testify about plans to launch Libra, a digital currency and online payment system.
At a hearing Wednesday morning, Democrats and Republicans on the House Financial Services Committee peppered Federal Reserve Chairman Jerome Powell with questions about how the central bank would respond to Libra.
U.S. Congressman Darren Soto (FL-09), Co-Chair of the Congressional Blockchain Caucus, released the following statement today after Facebook’s announcement of “Libra,” a new cryptocurrency venture powered by Blockchain technology:
Congressman Darren Soto, a member of the House Energy and Commerce Subcommittee on Communications and Technology, and Congresswoman Bonnie Watson Coleman, a member of the House Appropriations Committee, announced the inclusion of provisions in the fiscal year 2020 Agriculture Appropriations bill to monitor virtual currencies, including Bitcoin, for fraud and manipulation.
WASHINGTON, D.C. – Representative Trey Hollingsworth (R-IN) and Representative Darren Soto (D-FL) led a bipartisan letter to Larry Kudlow, Director of the National Economic Council, requesting the Administration include blockchain technology in its initiatives on emerging technologies.
Washington, DC – Today, the New Democrat Coalition Technology Task Force Co-Chairs Darren Soto, Sharice Davids, Kendra Horn, and Harley Rouda released their goals for the 116th Congress. The Technology Task Force will meet with stakeholders and develop policy positions for the Coalition to advance in both the near term and long term.
Technology Task Force Mission Statement for the 116th Congress:
Following a year of collaboration, the Token Taxonomy Act of 2019 (H.R. 2144) and the Digital Taxonomy Act (H.R. 2154) were introduced today as the leading legislation to provide jurisdiction and regulatory certainty for businesses, entrepreneurs, and regulators in the United States’ blockchain economy.