CD264: Cryptocurrencies and Blockchain

FTX, a large cryptocurrency exchange, recently went bankrupt, leading to calls for government regulation of cryptocurrencies. But you might be wondering, what are cryptocurrencies? In part one of this two-part series, listen to expert testimony provided over a four-year period informing Congress about the cryptocurrency industry, the promise of blockchain, problems - both real and overblown - with this new technology, and how best to regulate this complicated industry.

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View the shownotes on our website at https://congressionaldish.com/cd264-cryptocurrencies-and-blockchain

Background Sources

Recommended Congressional Dish Episodes

CD235: The Safe Haven of Sanctions Evaders

CD262: Inside C-SPAN with Howard Mortman

Proof of Work

Jake Frankenfield. May 2, 2022. "What Is Proof of Work (PoW) in Blockchain?" Investopedia.

Initial Coin Offering (ICO)

Jake Frankenfield. Aug 18, 2022. “Initial Coin Offering (ICO): Coin Launch Defined, with Examples.” Investopedia.

Sherwin Dowlat. Jul 11, 2018. “Cryptoasset Market Coverage Initiation: Network Creation.” Satis Group.

Madison Cawthorn

The Associated Press. Dec 7, 2022. "Rep. Madison Cawthorn broke rules over a 'meme' crypto, a House panel finds." NPR.

Regulations

Cheyenne Ligon. Dec 5, 2022. “The ‘Good Cop and Bad Cop’ of US Crypto Regulations.” CoinDesk.

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Bills

S.4760 - Digital Commodities Consumer Protection Act of 2022

Sponsor: Sen. Debbie Stabenow

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Audio Sources

Cleaning Up Cryptocurrency: The Energy Impacts of Blockchains

January 20, 2022
House Committee on Energy & Commerce, Subcommittee on Oversight and Investigations

Watch on YouTube

Witnesses:

Ari Juels, Weill Family Foundation and Joan and Sanford I. Weill Professor, Jacobs Technion-Cornell Institute, Cornell Tech

John Belizaire, Chief Executive Officer, Soluna Computing, Inc.

Brian Brooks, Chief Executive Officer, BitFury

Steve Wright, Former Chief Executive Officer, Chelan County Public Utility District and Bonneville Power Administration

Gregory Zerzan, Shareholder Jordan Ramis P.C.

Schemes and Subversion: How Bad Actors and Foreign Governments Undermine and Evade Sanctions Regimes

June 16, 2021
House Committee on Financial Services, Subcommittee on National Security, International Development and Monetary Policy

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