U.S. Representative Warren Davidson is reportedly hosting a roundtable gathering on Tuesday to discuss cryptocurrency oversight, CNBC reports. The gathering will bring together lawmakers and roughly 50 representatives from the cryptocurrency and financial industries to find a balanced approach to regulation that provides oversight without stifling growth and innovation.
The event has been dubbed “Legislating Certainty for Cryptocurrencies” and will be attended by representatives from traditional trading firms on Wall Street, cryptocurrency industry leaders, the U.S. Chamber of Commerce, and venture capital companies. According to CNBC:
Representatives from Fidelity, State Street, leading venture capital firms Union Square Ventures and Andreessen Horowitz, the Nasdaq, and the U.S. Chamber of Commerce are among those confirmed to attend, according to an attendee list seen by CNBC. Cryptocurrency startups Ripple, Coinbase and Circle are also planning to be in the room.
Reps. Ted Budd, R-N.C., Tom Emmer, R-Minn., French Hill, R-Ark., and Darren Soto, D-Fla., are set to give opening remarks during the roundtable Tuesday.
Representative Davidson has confirmed that he intends to introduce a cryptocurrency bill in the House of Representatives sometime this fall. He has said that he wanted to give the experts an opportunity to provide input about the best way to provide oversight for the emerging asset class. In his invitation letter to the attendees, Davidson noted:
"Your input is critical to helping us preempt a heavy-handed regulatory approach that could stall innovation and kill the U.S. ICO market.”