ABSTRACT

Examining the Cryptocurrencies and ICO Markets, Hearing Before the Subcommittee on Capital Markets, Securities, and Investment of the Committee on Financial Services, U.S. House of Representatives, One Hundred Fifteenth Congress, Second Session, March 14, 2018   [open pdf - 4MB]

This is the March 14, 2018 hearing titled "Examining the Cryptocurrencies and ICO Markets," held before the House Subcommittee on Capital Markets, Securities, and Investment of the Committee on Financial Services. From the opening statement of Bill Huizenga: "The cryptocurrency and initial coin offering (ICO) markets have grown rapidly in recent years, and actually it is more like recent months. Specifically ICOs have been increasingly used by companies to raise capital for their business and products. To that end, people often equate them with a new type of initial public offering or an IPO; however, an ICO is not an IPO. ICOs, whether they represent offerings of securities or not, offer potential for entrepreneurs to raise more effective, transformative, and efficient funding for an innovative project as opposed to a traditional IPO. Although an ICO has the same characteristics of raising capital and accessing new sources of investment, it does not involve an investment in some amount of equity in a company, which is afforded under an IPO, nor does it offer the same amount of investor protections." Statements, letters, and materials submitted for the record include those of the following: Chris Brummer, Mike Lempres, Robert Rosenblum, and Peter Van Valkenburgh.

Report Number:
Serial No. 115-79
Publisher:
Date:
2018
Copyright:
Public Domain
Retrieved From:
U.S. Government Publishing Office: http://www.gpo.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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