[ad_2][ad_1] Bitcoiners on social media squashed the remarks by acting in US currency controller Brian Brooks that bitcoin is owned by China due to the disproportionate share of the cryptocurrency’s mining power. Bitcoiners argue that the disproportionate number of miners stationed in China only means that the rewards of the …
Read More »U.S. Representatives Copy OCC’s Brooks For Crypto Focus
[ad_2][ad_1] Several US lawmakers are unhappy with the Office of the Comptroller of the Currency and its focus on cryptocurrencies and fintechs during a recession caused by a pandemic. Six congressmen criticized the banking regulator’s stance on cryptocurrency and stablecoin custody services, as well as its plans to offer a …
Read More »OCC’s Brian Brooks testifies to the importance of encryption before the US Senate
[ad_2][ad_1] As part of his statement to the U.S. Senate Banking, Housing and Urban Affairs Committee, Brian Brooks, as Comptroller of the Currency, prepared an entire section on crypto assets, including a specific mention of stablecoins. . “Today, about 60 million Americans own some kind of cryptocurrency, with a total …
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