CEOs Testify on Bitcoin Before U.S. Lawmakers


Chief executives of large cryptocurrency firms appeared before Congress Wednesday to testify and answer questions about their products and services and the Bitcoin market in general as lawmakers struggle to bring the market within public policy and regulatory frameworks.

“Several questions remain as to how traditional rules apply and whether regulators have sufficient authority to protect investors and consumers while maintaining market integrity and encouraging innovation,” Rep. Maxine Waters, a Democrat from California, said in her opening statement.

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