2017-06-08

Tech Hearings Thursday: FinTech, Virtual Currency, Comey, NTIA Nominee

Disrupter Series: Improving Consumer's Financial Options With FinTech

Scheduled for Thursday, June 8, 2017, at 10am EDT #SubDCCP -- The U.S. House of Representatives Energy and Commerce Committee hearing on financial technology (FinTech), part of its Disruptors Series on how emerging technologies are disrupting various industries.

Witnesses:

Ms. Jeanne Hogarth
Vice President, Center for Financial Services Innovation
Witness Statement and Truth in Testimony and CV

Mr. Javier Saade
Managing Director, Fenway Summer Ventures
Witness Statement and Truth in Testimony and CV

Ms. Christina Tetreault
Staff Attorney, Consumer Union
Witness Statement

Mr. Peter Van Valkenburgh
Research Director, Coin Center
Witness Statement and Truth in Testimony and CV

Documents: Hearing Notice and Hearing Memo

Also on Thursday, June 8, 2017, at 10:00 a.m. EDT:

• Hearing entitled Virtual Currency: Financial Innovation and National Security Implications” | House Committee on Financial Services. This will be a one-panel hearing with the following witnesses: • Jerry Brito, Executive Director, Coin Center • Scott Dueweke, President, The Identity and Payments Association • Kathryn Haun, Lecturer, Stanford Law School • Jonathan Levin, Co-Founder, Chainalysis • Luke Wilson, Vice President, Business Development-Investigations, Elliptic. This hearing will explore terrorists and illicit use of financial technology (FinTech), the national security implications of virtual currencies such as Bitcoin, and the use of “blockchain” technologies to record transactions and uncover illicit activities. Witnesses will provide testimony about the exploitation of virtual currency by terrorists and transnational criminal groups, as well as provide risk assessments and policy considerations to mitigate illicit financing but not to impede the development of FinTech innovations.

US Senate Intelligence Committee hearing
UPDATE June 8, 2017, video--President Trump's lawyer Marc Kasowitz (kasowitz.com) responds to Comey testimony:

Streamed live June 8, 2017: President Trump's lawyer Marc Kasowitz holds a press conference following the testimony of former FBI Director James Comey before the Senate Intelligence Committee.

US Senate Intelligence Committee hearing: Former FBI Director James Comey testifying:

WATCH LIVE: Fired FBI Director James Comey testifies about alleged Russian hacking and interference in the U.S. election--this is the media circus extravaganza upon which all of Washington, D.C. and most of  "liberal media" (e.g.,Washington Post, New York Times, et al) has been obsessed--Comey is a real prima donna with a grudge against President Donald Trump who fired Comey after receiving a recommendation from the U.S. Attorney General that Comey be terminated due to his violations of U.S. Department of Justice protocols and policies in the course of the investigation of Hillary Clinton last year. Expect fireworks! But be prepared for a complete lack of actual evidence on "Russia interfering with the 2016 election" that would stand up in a court of law--actual facts supporting the hysteria, innuendo, anonymous source "leaks," rumors, and other #FakeNews published by the Washington Post, New York Times, et al. [Editor's tip: If you're not obsessed with the "Washington D.C. media circus over Russia and Trump," you might want to skip this and catch the highlights via Twitter]. Here's Comey's opening statement (pdf)(no 'smoking gun' there either).

• Senate Commerce Committee hearing on nominee David Redl to be Assistant Secretary for Communications and Information at the Department of Commerce. If confirmed, Redl will be in charge of the National Telecommunications and Information Administration (NTIA), and serve as President Trump's top telecom adviser, including how to expand the nation's broadband infrastructure. Trump has mentioned broadband buildout in his fiscal 2018 budget proposal, as part of infrastructure spending. Redl is currently chief counsel at House Committee on Energy and Commerce, advisor to Chairman Greg Walden (R-Ore.) and panel Republicans on communications and technology matters, and previously was a registered lobbyist and director of regulatory affairs at CTIA, a trade association representing wireless companies such as AT&T, Dish and Verizon. Redl sees the top three challenges facing the NTIA as maximizing how agencies effectively use spectrum, improving broadband reliability – particularly in rural places, and better addressing the needs of the U.S. digital economy.

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