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Although US regulators observe cryptocurrencies cautiously, MP Bob Goodlatte – chairman of the House Judiciary Committee – seems to have no qualms about investing in Bitcoin [19659004] and other digital resources. Goodlatte is now the first member of the US Congress to disclose his holdings in virtual currencies, moving from a recent financial disclosure of his investments.
In its annual disclosure, it stated that it possessed investments from $ 17,000 to $ 80,000 in Bitcoin [BTC] Bitcoin Cash [BCH] and Ethereum [ETH].
In a note issued by the House of Ethics Committee of June, legislators are required to disclose any investment in cryptocurrencies as part of their annual financial disclosure.
Disclosure should be reported under "other forms of securities". The disclosure, available on the CED website, was filed in May.
See also: For the owners of Bitcoin, the "Bakkt" of the ICE is a cause for concern: veteran of Wall Street
For those who do not knew, the House Judiciary Committee is a standing committee of the US House of Representatives in charge of supervising the administration of justice within courts, administrative agencies and federal law enforcement agencies. The committee is also responsible for the impeachment of federal officials.
Goodlatte – pro-Bitcoin?
Bob Goodlatte is in particular a member of the Congressional Blockchain Caucus, which is dedicated to the advancement of a global public policy towards blockchain technologies and virtual currencies.
It is also interesting to note that Goodlatte's son – Bobby Goodlatte Jr. – is one of […] […] […] […] angelic investors with an exchange of cryptocurrencies in the United States.
While the details of his investment are not known, his profile on Coinbase's angelic investor list says, "I've been using and trusting Coinbase for months, they've built a great product: it's Bitcoin for all of us." [19659014] US Government of Encryption So far
The US Treasury Department recently stated that the cryptocurrency and blockchain technology was analyzed by a working group of the Financial Stability Oversight Council, a governmental organization responsible for identifying risks and respond to new threats to financial stability. [19659005] He also said that blockchain technology is among the "promising innovations" that could be used by finance companies
See also: Blockchain tech a "promising innovation" for finance companies: US Treasury
In addition, the Commodity Futures Trading Commission (CFTC) seems to support the idea of at least studying digital currencies. The CFTC is falling behind international government authorities regarding regulation in blockchain technology, according to J. Christopher Giancarlo – president of the CFTC.
On the other hand, the US Securities and Exchange Commission (SEC) recently rejected the proposal of Winklevoss's Bitcoin ETF, which inflicts a severe blow to cryptocurrency. There are, however, more proposals for Bitcoin ETFs awaiting the regulatory seal.
Image via Shutterstock
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