Priority, and were encouraged by the progress we have made thus far. Thank you for inviting me to testify before you today. Thank you so much for being here. For the meeting you had with our staff and me last week, and for your testimony. Thank you. Ms. Raman, pleasero proceed. Thank you for the opportunity to come before the committee to discuss the departments work. At the Justice Department, we look at virtual kerracies through the lenls of criminal Law Enforcement. We recognize that the currency could be an illegal means of exchange, and we also recognize that criminals will always seek to take advantage of new technologies to commit further or hide their crimes. Our responsibility as prosecutors is to insure that we continue to enforce the law even in new technological settings and to prevent criminals from using those technologies to create zones of impunity. As i will describe in mire testimony today, the department of justice has been aware of the threat posed by Virtual Curren
Security Committee Examining the policing of Virtual Currencies. Then a House Homeland Security Committee Examining the management at the department of Homeland Security. On monday, the senate Homeland Security committee examined the governments ability to police the use of Digital Currency with the laws currently on the books. Online decentralized systems allow people to Exchange Goods and Services Without using real money, including bit coins. This hearing is two and a half hours. Good afternoon, everyone. Thank you for joining us, we especially want to thank our witnesses, panel number one, and somewhere in the audience, panel number two. The i. D. Card is there, so pick it up please and put it where it belongs. That way well know who you are and you will, too. My succeeder in the senate used to say many years ago, he would say, his advice was wear a big button. Wear a big button when youre campaigning so youll remember your name and so will other people, too. We want to make sure p
Submit. My name is david cotney and i serves t as the commissioner of banks for the commonwealth of massachusetts. It is my pleasure to testify before you today on behalf behalf of the conference of ou state supervisor. Hold i thank you forin holding this n hearing today to address the risks and benefits of Virtual Currency. Theri risks of Virtual Currency include Consumer Protection, Payment Systems, national ity, m security, Money Laundering, and other illicit activities. The potential benefits are also differ. Fits are speed and efficiency, lower transaction costs, and providin an outlet for the unbanked and underbanked. With these evolving Payment Technologies states are exploring the connection between existing money transmitter regulation and Virtual Currencies. State regulators have long supervised money transmitters to protect consumers and preserve National Security and lawnete enforcement interests. State regulators are talking with industry and other regulators about evolvin
Items for closed session first. Sure. Closed session item 11 is existing litigation thomas cook vs. The city and county of San Francisco east all and the next is San Francisco vs. Pacific gas company and 3 is the city and county of San Francisco vs. Pacific gas protect and item next is the city and county of San Francisco of protect vs. Is there any Public Comment on the items were dealing with in closed session today. Seeing none, may i have a motion to assert motion. Second. Session. Were back from closed session id like to report on whafd item 11 was settled item e 12 no action and 13 no action and 14 and 15 no action. May i have a motion whether or not to disclose ill move not to disclose all in favor, say i. Opposed . Any other new business. Madam chair one quick item to request of staff weve done a lot of Engineering Work on what to do with the mountain tunnel. The engineering report on that ive read it makes sense it recommendations that we basically build a second tunnel and de
And ukraine celebrates as its forces, liberate the Southern City, pension crowds to russias retreat and present the lens. He calls it a historic death. Ah, im here until berlin. Thanks for joining us. We begin in cambodia where you as President Joe Biden is meeting asian leaders at a summit. She wants the 10 member block to help contain chinas growing influence in the region by the says, the association of South East Asian nations is at the heart of his Administration Strategy in the region. Hes promising to tackle key issues and couldnt Climate Change. And the rule of law bidens presence is meant to lay the groundwork for a meeting with the chinese president teaching ping. Earlier i asked york matters are correspondent and im penn. How bidens plan to work with algae and members to counter chinese influence is plain out. What today the level of the relationship was lifted to that of a strategic partnership. And the american president made clear here in prom pen at the meeting of the 10