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Bob goodlatte quotes cryptocurrency disclosure

18.01.2021

bob goodlatte quotes cryptocurrency disclosure

А candidate for Colorado governor has added a blockchain policy to his gubernatorial campaign, aiming to make Colorado a “blockchain hub.”. Judiciary Committee Chairman Robert Goodlatte, a Republican, has reservations about the legislation, including its complexity and potential. Bob Goodlatte, a Republican from Virginia, made headlines for being the first member to disclose crypto holdings last year. V3FX FOREX NEWS

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Goodlatte likely the first member of the United States Congress to disclose private investments in the form of virtual currencies. As per Mr. The report indicates that Mr. Goodlatte is also a member of the Congressional Blockchain Caucus — a bipartisan pro-cryptocurrency and distributed ledger technology lobbyist group formed in by Arizona Republican, David Schweikert, and Colorado Democrat, Jared Polis.

The mandate gave lawmakers 45 days to report any virtual currency holdings, as with any other asset. The advisory came following the efforts of Congressional Blockchain Caucus co-founder, Jared Polis, who, in February, petitioned the House Committee on Ethics to provide guidance regarding how politicians should disclose virtual currency holdings. Many analysts are expecting Mr. Polis to also reveal cryptocurrencies holdings within the near future, given his actions and advocacy within the virtual currency sphere.

Do you expect more members of Congress to report private cryptocurrency investments? Polis is also the first federal official to accept campaign contributions in Bitcoin during the elections. Mark Warner D-Va. Speaking at a hearing of the Senate Banking, Housing, and Urban Affairs Committee earlier this year, Warner stated: I think we may be on top of something that is transformational.

Greg Gianforte R-Mont. Gianforte made his fortune in software development and data analytics. Do you think we will see more government officials start to disclose cryptocurrency holdings? Who will be next? Keep the conversation going in the comments below. Images courtesy of Clerk.

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As per Mr. The report indicates that Mr. Goodlatte is also a member of the Congressional Blockchain Caucus — a bipartisan pro-cryptocurrency and distributed ledger technology lobbyist group formed in by Arizona Republican, David Schweikert, and Colorado Democrat, Jared Polis. The mandate gave lawmakers 45 days to report any virtual currency holdings, as with any other asset.

The advisory came following the efforts of Congressional Blockchain Caucus co-founder, Jared Polis, who, in February, petitioned the House Committee on Ethics to provide guidance regarding how politicians should disclose virtual currency holdings.

Many analysts are expecting Mr. Polis to also reveal cryptocurrencies holdings within the near future, given his actions and advocacy within the virtual currency sphere. Do you expect more members of Congress to report private cryptocurrency investments? Join the discussion in the comments section below! S-based cryptocurrency exchange founded in Coinbase also recently became the first crypto organization to form a Political Action Committee PAC to donate towards political causes.

Many on social media have been quick to allege that Goodlatte Sr. The last 12 months have provided ample opportunity for high-level corruption within the political class relating specifically to cryptocurrencies. Earlier this year, South Korean government officials were caught trading insider information regarding crypto regulations. They got off scot-free. In the U. Cryptos and the Disruption of the Establishment The context of the larger cryptocurrency culture might help explain why Congress members may have reservations about disclosing cryptocurrency investments.

For a member of the government to hold investments in a sector that directly challenges government-issued currency could obviously invite blowback. With large percentages of their financing coming from Wall Street, senators and congressmen are often at the mercy of large financial firms.

Cryptocurrency is a hugely disruptive technology for the financial services industry and is by far the biggest challenge that Wall Street has faced in recent history. A member of Congress investing in and endorsing the adoption of cryptocurrency has the potential to have unpredictable consequences. Now that the floodgates are open, time will tell how this will change the relationship between government, the banks, and the crypto community.

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