Coin Center: US Senate’s Digital Currency Bill Is ‘Counterproductive’
US advocacy group Coin Center has said that an anti-money laundering bill before the Senate could disrupt existing rules for digital currency firms.
Economist Nouriel Roubini and Coin Center's Peter Van Valkenburgh will testify about crypto and blockchain before a U.S. Senate committee today.
Blockchain advocacy group Coin Center still believes some cryptocurrencies are securities by law, and should be regulated as such.
Peter Van Valkenburgh explained the potential benefits from cryptocurrency and blockchain while Nouriel Roubini called it "the mother of all scams."
Jesse Powell, CEO of crypto exchange Kraken, donated $1 million to Coin Center at the blockchain industry advocacy group's annual dinner Monday night.
The first two panels in Wednesday's CFTC Technology Advisory Committee meeting will discuss blockchain and crypto-related matters, respectively.