Virtual currencies are meant to act as a type of money that can be traded online exchanges for conditional conventional currencies such as dollars. Or use to purchase goods and services predominately online. Developers, businesses, and individuals are selling through selling Virtual Currencies through initial point offerings to raise capital. Year, manyst americans have become increasingly interested in Virtual Currencies especially given the meteor rise in valuation in recent fall bitcoin. Just for perspective, on january 2 last year, bitcoin broke the 1000 barrier and then peak in december at a way thousand dollars and as of this morning is trading at roughly 6,900. Today, the market capitalization of bitcoin is roughly 115 billion. Regulators and heads of industry educate investors. Part, the sec as put forth many statements and guideposts to help the markets and investors. Has issued sec bulletins on initial coin offerings. Theyve issued several enforcementbrought actions against f
This hearing is 2 1 2 hours. Good morning. Today we welcome four nominees to testify before the committee as we consider their nominations to serve as commissioners of the federal trade commission. Nominated to serve as a commissioner and ftc chairman and his credentials are impressive. Mr. Simon served as the ftcs chief antitrust enforcer, among other positions the the commission. Most recently, he served and was partner and cochair of the entrust group at a law firm. Christine wilson is an antitrust and Consumer Protection attorney who served as Vice President for regulatory and International Affairs at delta airlines. She too as worked at the commission before serving as chief of staff to kim murris during the george w. Bush administration. Noah Joshua Phillips is a familiar face to many of us, as he currently serves as chief counsel to senator john cornyn, where he advises on issues such as antitrust and intellectual property. Finally. Mr. Chopra has extensive experience in Governm
Committee met to discuss Virtual Currency, the Commodity Futures Trading Commission discussed the oversight and regulatory actions thus far. This is just under two hours. The committee will come to order. This morning we will receive testimony from sec chairman jay clayton, and cftc chairman Chris Giancarlo on the current world of the oversight conducted by their two agencies. Welcome, gentlemen. Virtual currencies are meant to act as a type of money that can be traded on online exchanges for conventional currencies such as dollars. We are used to purchased goods or services predominantly online. Additionally, developers and businesses and individuals are selling virtual coins or tokens through initial coin offerings also known as icos to raise capital. Over the last year, Many Americans have become increasingly interested in Virtual Currencies especially givenet meteoric rise in valuation and recent fall of bitcoin. Just for perspective in january 2 of last year, bitcoin broke the 1,0
And Transportation Committee heard from the four nominees on issues including antitrust laws, Prescription Drug pricing, Credit Rating agencies and the influence of Big Tech Companies like google and facebook. This hearing is 2 1 2 hours. Good morning. Today we welcome four nominees to testify before the committee as we consider their nominations to serve as commissioners of the federal trade commission. Nominated to serve as a commissioner and ftc chairman and his credentials are impressive. Mr. Simon served as the ftcs chief antitrust enforcer, among other positions the the commission. Most recently, he served and was partner and cochair of the entrust group at a law firm. Christine wilson is an antitrust and Consumer Protection attorney who served as Vice President for regulatory and International Affairs at delta airlines. She too as worked at the commission before serving as chief of staff to kim murris during the george w. Bush administration. Noah Joshua Phillips is a familiar f
[background noises] good morning. Today we welcome for nominees to testify before the committee as we consider the nominations to serve as commissioners of the federal trade commission. Joseph simons has been nominated to serve as commissioner and tc chairman and his credentials are impressive. He served as the f tcs antitrust enforcer among other positions of the commission. Most recently he served as partner and cochair of the antitrust group at the law firm of paul, weiss, ripken and garrison. Hes in antitrust and Consumer Protection attorney who was recently served as Vice President for Regulatory International Affairs at delta airlines. Among other credentials she too has worked at the commission serving as chief of staff, the ftc chairman during the george w. Bush and menstruation. Know what is a familiar face. Currently serves as chief counsel to senator john cornyn where he advises on issues including antitrust Consumer Privacy and intellectual property. Finally floyd will is a