The latest Congressional Hearing had academic, engineering and entrepreneurial experts discussing how digital currencies should be dealt amid the existing need of innovation and education in this space.
During a Congressional Hearing on Wednesday, July 18, Daniel Gorfine, director of LabCFTC – the fintech initiative of the Commodity Futures Trading Commission (CFTC) warned the members of the U.S. House Committee on Agriculture against “hasty regulatory pronouncements” on the issue of digital assets and cryptocurrencies.
Gensler said that unclear and strict rules would drive innovation out of the country, which could be concerning.
The good thing about the latest Congressional hearing that it was more inclined towards discussing technical and innovative aspect of digital currencies.
The hearing comprised academics, engineers, and entrepreneurs from the cryptocurrency industry.

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