The founder of Cardano will tell US lawmakers about blockchain and cryptocurrencies - Bits Media

The founder of the Cardano project Charles Hoskinson will perform 23 June before the Committee of the House of Representatives of the United States for Agriculture, with whom he will discuss the capabilities of blockchain and cryptocurrencies.

General Director of Input Output Global (Yog, Earlier IOHK) Charles Hoskinsson (Charles Hoskinson) reported his subscribers on Twitter, that he received an official invitation to speak to the Committee of the House of Representatives of the United States for Agriculture. The event will take place 23 June c 10:30 by Pacific Standard Time (PST), and will be broadcast live on YouTube. Hoskinson wrote, What will say about blockchain and digital assets.

The Committee is responsible for the federal agricultural policy in the country. Some federal agencies fall into his jurisdiction, Including commission on commodity futures (CFTC), which is interested in expanding its powers regarding cryptocurrencies, and intends to become the main body for supervision of the industry. CFTC supports the bill, represented by senators synthia Lammis (Cynthia Lummis) and Kirsten Jillbrand (Kirsten Gillibrand), Unlike the US Securities and Exchange Commission (SEC).

Recently, SEC chairman Gary Gensler (Gary Gensler) stated, that crypto assets should be regulated by analogy with banking and financial markets, So, enter into the jurisdiction of sec. Considering, that SEC cannot clarify the rules for regulating cryptocurrencies, Many players of cryptocurrency space consider, that the industry will develop better and faster, If it is under CFTC control.

In the comments to Hoskinson's tweet, users expressed hope, that at the conference he will convince legislators of creating favorable conditions for the development of the sector, And CFTC will continue attempts to expand its powers in relation to the cryptocurrency market. Hoskinson is not the first to stand for the creation of the rules, which can contribute to the development of the cryptocurrency sector. Last year, Hoskinson spoke at a training seminar for legislators and civil servants of the United States, telling them about the principles of blockchain work.