Charles Hoskinson, the creator of Cardano, has recently announced that he has been invited to discuss crypto and blockchain in front of the United States House of Representatives Committee on Agriculture.
Hoskinson made this known via a tweet a couple of hours ago. According to the IOG CEO, the discussion will be broadcasted live on the 23rd of June at 10:30 AM EST.
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Charles Hoskinson tweeted, “I just received a formal invitation to speak before the U.S. House of Representatives Committee on Agriculture about Blockchain and Cryptocurencies. It will be live June 23rd at 10:30 AM EST if anyone wants to watch it over YouTube.”
I just received a formal invitation to speak before the U.S. House of Representatives Committee on Agriculture about Blockchain and Cryptocurencies. It will be live June 23rd at 10:30 AM EST if anyone wants to watch it over YouTube.
— Charles Hoskinson (@IOHK_Charles) June 17, 2022
The Agriculture Committee was founded back in 1820 in relation to farming and, these days, among other duties, what it does is oversee commodities, since most of them historically came from the agricultural sphere—things that were grown in large amounts and then sold.
In 1974, the CFTC (the Commodity Futures Trading Commission) was set up in the United States to provide regulation to commodity Futures trade. The newly created CFTC made the existence of the Department of Agriculture’s Commodity Exchange Authority unnecessary.
So, the Agriculture Committee has now authorized the CFTC to regulate the commodity futures trading sphere.
Bitcoin and Ethereum have been identified as commodities in recent years, and senators Kirsten Gillibrand and Cynthia Lummis have suggested that they remain so in their recently proposed bill. However, other digital currencies may either be treated as securities or ancillary assets.
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