Maybe it would. Maybe it wont. What the hell do you got to lose . Announcer its a late show with Stephen Colbert. Tonight home sweet show plus, stephen welcomes conan obrien. And musical guest michael stipe. Featuring jon batiste and stay homin. And now live on tape from a safe distance, its Stephen Colbert stephen oh, hey i was just pretending i could be at home without a camera. Welcome to a late show. Im your host, Stephen Colbert. Happy to be here. Happy. Tuesday, i think . It is tuesday. Good. Thank you, thank you, sir. I dont always know. Im so grateful that im still able to do a show for you guys and for all of you out there who are watching, one assumes. Its possible my producers are lying to me that were broadcasting at all. Sure, stephen, weve put a van on n. It talks to space. Now take a shower and shout into your phone. Whatever. Im grateful for something to do. Now, there is one aspect of the show that i have really been missing and that is my conversations with our friend
[inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] coming up on cspan2, the Homeland Security Committee Examines the use of Virtual Currencies. Then, a look at the process that granting security clearances for federal workers and contractors. And live at noon eastern, a Heritage Foundation panel on the deal struck in geneva, switzerland, on Irans Nuclear program. Today the Heritage Foundation examines the deal reached this its weekend in geneva, switzerland, on Irans Nuclear weapons program. Watch the event live starting at noon eastern here on cspan2. Also here on cspan2, a look at u. S. Canada Military relations. Well be live at 1 30u p. M. Eastern. The senate Homeland Security Committee Last week examined the governments ability to regulate Digital Currencies like bitcoin. This hearing is two and a half hours. [inaudible conversations] well, good afternoon, everyone. Thank you for joining us. We especially want to thank our witnes
Im pleased to cochair this hearing on the present and future impact of Virtual Currency. My friend senator merkel and i appreciate the work senator heller has done and senator kirk will be joining us as well. Were going to do this a little different because its a joint subcommittee hearing i will chair the first panel and the senator will chair the second. The uses of Virtual Currencies have proliferated in recent years. My hope for this hearing is to educate the Senate Members and others and start the education of the public about Virtual Currencies, including the potential and drawbacks. I also hope to explore how regulators are keeping up with this technological innovation to protect consumers. Ive got a full statement here but i actually have to acknowledge that ive been following this development of bit coins for the last two months. I would think im only starting to wrap my head around the potential upside, downside, regulatory issues, Monetary Policy issues, taxation issues, Con
Lenders. I think thats something that id like to talk a little bit about here today because members of our military have to resort to financing from these predatory lenders all too often. We know military Service Members are three times more likely than civilians to use predatory payday loans that charge exorbitant rates. Thats three times the civilians use. The military families carry 10,000 or more in Credit Card Debt compared to 16 for civilian frames. 10 of military families carry more than 20,000 in debt compared to just 7 of the civilian families, and more than half of military Service Members are not saving for the future and have trouble paying their monthly bills. Thats why this morning, i reintroduced my military savings act which is legislation i previously introduced in the house of representatives, and the bill would promote Savings Rates among military Service Members and decrease their need to turn to predatory payday lenders in times of financial crisis. The bill establ
Anonymity and privacy, and bath there are new laws that are required to end the possibility of anonymity or to address that in some way. I think, you know, as i stated in my comments, we are very focused within our business on having very deep levels of identity verification, we view that as critical. Others within the Digital Currency world, particularly within geographies that dont have the same type of regulatory regimes do not. There are other things we need to be thinking about that could address those issues. I think that arena needs additional and careful consideration. Thank you. I think there is broad consensus among the panel here, i was very heartened to hear the first panels message, and i think we have a lot of consensus, ill pick two issues to give you an answer. First, i was interested in listening to the gentleman from the secret service that said that centralized currencies pose the greatest risk as far as Money Laundering. And bit coin, because of their nature, they w