welcome to our rolling coverage news about cryptocurrency. itcoin is priced at $7,330 this morning with ethereum falling to $478 and ripple down at $0.48.
The Financial Policy Subcommittee hearing will examine "the extent to which the United States government should consider cryptocurrencies as money," while the House Committee on Agriculture will focus on the emergence of "digital assets"
Guy Hirsch, US Managing Director of eToro said : "We encourage regulators to hear more from good actors and companies with an international presence since they would be valuable to this discussion in Congress.
Cryptocurrencies are by design global assets and companies with global perspective are uniquely positioned to help regulators better understand the diverse regulatory approaches and best practices.
"Any law that Congress will pass affecting cryptocurrencies will have global impact on foreign companies, US market and therefore it is important for US lawmakers to facilitate dialogue with other nations on this matter."
He said: "Our industry should provide education and support for regulators to define a framework that will lead to logical and growth-oriented classification of each crypto.”
