U.S. Senate to discuss bitcoin risks with top markets regulators – sou

Technology

[ad_1]

WASHINGTON (Reuters) – The U.S. Senate will next month hold a hearing with the country’s top markets regulators to discuss the risks posed by cryptocurrencies such as bitcoin, a person with direct knowledge of the matter told Reuters.

The Senate Banking Committee will take testimony from Commodity Futures Trading Commission (CFTC) Chairman Christopher Giancarlo and Securities and Exchange Commission (SEC) Chairman Jay Clayton in early February, the source said.

The hearing comes amid heightened concerns over a bubble in the bitcoin market after the currency soared to record highs of more than $19,000 in December, only to slump more than 28 percent.

Reporting by Michelle Price; Editing by Sandra Maler

[ad_2]

Source link

Loading...

Articles You May Like

China Looks Set to Prosecute Hong Kong 12 For ‘Illegal Border Crossings’
Jakarta governor contracts COVID-19 as Indonesia infections spike
Doctor ordered to pay about S$5.6 million in damages after patient died in liposuction, fat transfer procedure
Thai protesters challenge king’s military command
Indian PM Modi refuses to back down on farm reforms despite huge protests

Leave a Reply

Your email address will not be published. Required fields are marked *