U.S. Representatives serving on the Subcommittee on Monetary Policy and Trade will be conducting a hearing entitled “The Future of Money: Digital Currency” on Wednesday, July 18, according to a memorandum from the Financial Services Committee. The Committee memo announcing the hearing and scheduled witnesses suggested that testimony is expected to encompass a broad range of crypto-related topics:
“This hearing will examine the extent to which the United States government should consider cryptocurrencies as money and the potential domestic and global uses for cryptocurrencies. The Subcommittee will evaluate the merits of any uses by central banks of cryptocurrencies, and discuss the future of both cryptocurrencies and physical cash.”
The announced witness list includes Dr. Rodney J Garratt, Professor of Economics at USCB; Dr. Robert J. Michel, Director of the Center for Data Analysis at the Heritage Foundation, Dr. Eswar S. Prasad, Senior Fellow at the Brookings Institution, and Alex J. Pollock, Distinguished Senior Fellow at R Street Institute.
The hearing is scheduled to begin at 2:00 pm on Wednesday and will reportedly be livestreamed on the Committee’s website.