The Senate Banking committee yesterday held a hearing on Digital Currencies and how they should be regulated. Well hear from witnesses from a Financial Services company, the Congressional Research service, and a law professor. This is about an hour and 25 minutes. This hearing will come to order. Last congress, this Committee Held two hearings examining the Digital Currency ecosystem. In those hearings we heard about some of the development that is have occurred within the Digital Currency marketplace since the creation of bitcoin in 2008. The potential benefits of Digital Currencies and the concerns about the value stability, fraud, and illicit uses, market manipulation, and privacy. Since then, facebook announced its intentions to launch a block chain system, lee bra, that will be comprised of financial and nonfinancial members including facebooks digital wallet service. Facebook including how they interact with u. S. And International Regulatory frameworks, the potential benefits an
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Government has backed down from this controversial extradition bill. They have suspended it. They want it withdrawn. That is why they are staying here. They also want carrie lam to resign. In a press conference, carrie lam was asked about it at least seven times. She sighed skirted the issue. That is the big elephant in the room. Will carrie lam eventually have to step down because she has blown what analysts tell me is all of her political capital. David we want to talk about the big elephant in just a moment. In the meantime lets go to washington. News came out earlier that iran will be going beyond where they had been on the Nuclear Agreement with respect to uranium. How big of a step is this . Nick it does not alter the trajectory of Irans Nuclear program. It is still within the bounds of relative normalcy but this is clearly a message iran is sending to europe to say we are going to start to test the limits of the nuclear deal that the United States abandoned about one year ago bu
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