Senate Banking Committee Schedules July Hearing on Facebook’s Libra Crypto
The U.S. Senate Banking Committee will hold a hearing next month on Facebook's new cryptocurrency, Libra.
Former Bakkt CEO Kelly Loeffler lost her Senate seat to Democrat Raphael Warnock in a special election Tuesday night.
U.S. Senate staffers, hunting for tech to keep their chamber legislating through crises, floated blockchain voting in an April 30 continuity of Senate memo.
Because the stimulus package would likely be a boost for stock markets, it could also provide a lift to the price of cryptocurrencies.
Bitcoin has dropped back from levels near $7,000 despite the rapidly increasing scope of fiscal stimulus efforts in the US and across the globe.
It is unclear who will helm Bakkt after CEO Kelly Loeffler joins the U.S. Senate on Jan. 1.