US Senators Raise Crypto Mining Concerns, Propose Government Blockchains
The U.S. Senate Committee on Energy and Natural Resources hosted a hearing Tuesday on the "energy efficiency of blockchain and similar technologies."
For a panel about a proposed cryptocurrency, Tuesday's Senate Facebook hearing was light on actual crypto talk.
Peter Van Valkenburgh explained the potential benefits from cryptocurrency and blockchain while Nouriel Roubini called it "the mother of all scams."
A draft bill posted Tuesday to the U.S. Senate Committee on Banking, Housing and Urban Affairs defines a "digital dollar" and details how it might be maintained.
Economist Nouriel Roubini and Coin Center's Peter Van Valkenburgh will testify about crypto and blockchain before a U.S. Senate committee today.
A bipartisan group of U.S. senators is pushing for tighter sanctions against Venezuela's state-backed cryptocurrency, known as the petro.