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BitPay and Ripple to speak at hearing held by US Senate committee on banking

The US Senate Committee on Banking, Housing and Urban Affairs is holding its hearing on virtual currencies next week.

Updated Sep 10, 2021, 11:47 a.m. Published Nov 14, 2013, 7:16 p.m.
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The US Senate Committee on Banking, Housing and Urban Affairs is holding a hearing titled The Present and Future Impact of Virtual Currency on Tuesday (19th November).

The Subcommittee on National Security and International Trade and Finance and the Subcommittee on Economic Policy will meet in open session with a witness panel including representatives from the digital currency space.

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The witness panel comprises of:

  • Jennifer Shasky Calvery, director at the Financial Crimes Enforcement Network
  • David Cotney, commissioner of banks at the Massachusetts Division of Banks
  • Anthony Gallippi, co-founder and CEO of BitPay
  • Chris Larsen, founder and CEO of Ripple Labs
  • Sarah Jane Hughes, university scholar and fellow in commercial law at Maurer School of Law, University of Indiana
  • Paul Smocer, president of BITS at Financial Services Roundtable

The hearing will take place from 15:30 - 17:30 (ET) in room 538 at the Dirksen Senate Office Building in Washington, DC and will be webcasted live.

This is the second of two hearings on digital currency scheduled for next week, the first being held by the US Senate Committee on Homeland Security and Governmental Affairs on Monday 18th November.

CoinDesk will be reporting on both hearings, so stay tuned for updates next week.

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Abu Dhabi wealth funds bitcoin ETF holdings topped $1 billion at end of 2025

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Both Mubadala Investment Company and Al Warda Investments lifted investments in BlackRock's iShares Bitcoin ETF (IBIT) in the fourth quarter.

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  • Two major Abu Dhabi investment firms, Mubadala Investment Company and Al Warda Investments, increased their holdings of BlackRock’s iShares Bitcoin Trust (IBIT) in the fourth quarter of 2025 as bitcoin’s price fell.
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  • Together, they held a combined position that exceeded $1 billion at the end of 2025 but has since declined to just over $800 million amid further bitcoin losses in 2026.