Tag Archives: Senate
Top Bitcoin News Last Week: New York Subpoena, Senate Inquiry, Android
Bitcoin News
A roundup of the top Bitcoin news from August 12 to August 18:
Tuesday, August 13
Wednesday, August 14
Thursday, August 15
Friday, August 16
Saturday, August 17
After New York Inquiry, Senate Jumps on Bitcoin Bandwagon
First New York Inquiry, then Washington
In the same week that the New York State Department of Financial Services subpoenaed 22 companies in an effort to better understand the uses and implications of alternative currency Bitcoin, the Senate is launching its own inquiries.
As the New York Times reported,
The Senate’s committee on homeland security sent a letter this week to the major financial regulators and law enforcement agencies asking about the “threats and risks related to virtual currency.” These currencies, whose popularity has grown in recent years, are often used in online transactions that are not monitored by traditional financial institutions.
“This is something that is clearly not going away, and it demands a whole government response,” said a person involved in the Senate committee’s investigation, who spoke on the condition of anonymity because the inquiry is continuing.
