US lawmakers may be eager to regulate cryptocurrency, but they’re quickly finding that it’s easier said than done. In an interview with Fox Business, House Representative David Schweikert (R-AZ) said that regulators must focus their efforts on application-level oversight of the cryptocurrency markets, as the underlying technology is “very hard” to regulate. “It’s actually very hard to regulate...
Update: The headline and parts of the article have been edited to reflect that the US Congress consists of the Senate and House of Representatives together. It’s no secret that lobbyists and special interests groups can move mountains in the U.S. government, or any government for that matter. No interest group seems to be better banked than that of the financial institutions and U.S. Rep. David...
Blockchain is gaining notice from at least one member of the U.S.Congress, according to TechTarget. U.S. Rep. David Schweikert, R-Ariz., called on attendees at the DC Blockchain Summit in Washington, D.C. to educate lawmakers about the technology’s benefits so that lawmakers can address it in a way that benefits the economy as opposed to excessive regulation. Schweikert, who serves on the House...