Congress
US Congress Organizing Hearing on Crypto Mining
CoinDesk Managing Editor for Global Policy and Regulation Nikhilesh De shares his insights on an upcoming Congressional hearing that will examine the environmental impact of crypto mining, especially on the bitcoin network. The Oversight and Investigations subcommittee of the House Energy and Commerce Committee is currently drawing up a list of witnesses while the date still has yet to be set.
Is Congressman Brad Sherman Embracing Memecoins?
Barely a day after anti-crypto Congressman Brad Sherman (D-Calif.) made ironic remarks about Mongoose Coin, a cryptocurrency that did not exist. It became a reality with a market cap of $25 million. Now, Sherman has thanked the Mongoose Community for donating to the Western Kentucky Relief Fund.
DeFi on the Ballot: Yearn Developer Matt West on Running for Congress
Former Yearn.Finance developer Matt West has declared his candidacy for Oregon’s newly formed 6th U.S. House district as a Democrat. West discusses what it means to be the first DeFi developer to run for Congress on a pro-crypto platform and what he hopes to achieve through his campaign.
California Pro-Bitcoin Congressional Candidate Aarika Rhodes Running to Unseat Rep. Brad Sherman
A national call to ban cryptocurrencies is not limited to China. U.S. Congressman Brad Sherman (D-Calif.) wants to do the same, but his seat is being challenged by a pro-bitcoiner and congressional candidate for California’s 30th District, Aarika Rhodes. Rhodes discusses the politics of bitcoin, sharing insights into running to unseat Rep. Sherman.
Standoff Over $28T of US Government Debt Could Rattle Bitcoin Market
As a pitched battle in the U.S. Congress raises the risk of the government defaulting on its $28 trillion in debt, some cryptocurrency traders are speculating whether the gridlock over raising the debt ceiling could cause a swoon in bitcoin prices.
Bitcoin 30% Away From April Peak; Is It Overbought?
Kimberly Grauer, Director of Research at blockchain data platform Chainalysis, discusses whether bitcoin is overbought as it pulls back from the latest rally, explaining why the price run could reflect the industry reacting positively to the crypto regulatory conversations emerging from Congress. Plus, her take on the impact of China's crypto crackdowns versus U.S. regulatory scrutiny and DeFi risks.
