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Congress Unlikely to Act Soon on Digital Currencies, Says Senate Staffer
By Steve Viuker
printFederal lawmakers are unlikely to move quickly to regulate digital currencies despite congressional skepticism about the technology, a senate staffer told attendees of a Bitcoin conference in New York. Speaking at Mediabistro's Inside Bitcoin conference in Manhattan, John Collins outlined how U.S. lawmakers might address the nascent industry, which has been the subject of multiple committee hearings but no new laws. Last year, the U.S. Treasury Department said digital currency exchanges must comply with existing anti-money laundering (AML) rules for money services businesses. "Congress, by design, is a reactive organization and can be painfully slow," said Collins, a staffer for...
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