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Read. Follow. Verify.Congressional Hearing on Digital Currency and Blockchain Technology
Record date · January 1, 2016
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What This Bill Does
This document is a transcript record of a 2016 House subcommittee hearing exploring the development and regulatory implications of digital currencies and technology. Industry experts and legal counsel provided testimony to help lawmakers understand the potential impacts of these emerging technologies.
The hearing established the early federal legislative framework for how digital assets and systems are understood and regulated in the United States.
Who It Affects
Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.
Digital currency and blockchain companies
These entities provided testimony regarding the regulatory environment and technological potential of their industry.
House Committee on Energy and Commerce
The committee members gathered information to inform future legislative and oversight activities regarding financial technology.
Key Facts
- The hearing took place on March 16, 2016, in the Rayburn House Office Building.
- The hearing was held by the Subcommittee on Commerce, Manufacturing, and Trade of the House Committee on Energy and Commerce.
- The session was part of the 'Disrupter Series' focused on emerging technologies.
- Seven industry experts and legal professionals provided testimony regarding digital currency and blockchain.
Show all 5 facts
- A letter from Ryan Zagone of Ripple regarding regulatory relations was submitted into the record.
Frequently Asked Questions
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News Coverage
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Votes, people, money & the original sourceFull breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Early Congressional Interest
The hearing demonstrates that Congress was actively investigating blockchain technology as early as 2016 under the 'Disrupter Series' framework.
Connected Entities
Sources
www.govinfo.gov
Analysis Score
0–100- Significance60How much this matters to a regular citizen
- Controversy20Intensity of disagreement among stakeholders
- Entertainment10Compellingness for a non-policy-wonk reader
- Buzz15Current news / social attention level
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