Senate Is Holding Bitcoin Hearings Today

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Just passing on this bit of news !!

The past 14 months have been a volatile time for bitcoin valuation. The virtual currency increased in value by more than 1,300% last year to a December high of $20,000. But the valuation has fallen to less than half that on some exchanges in 2018. That level of volatility has spooked lawmakers and banks, some of which have banned customers from using their credit cards to buy bitcoin. Amid the uncertainty, Congress wants a better understanding of how bitcoin will fit into the existing landscape of financial regulation in the United States, and what more needs to be done to protect consumers.

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