Charles Hoskinson has been officially invited to make speech on crypto and blockchain in front of Agriculture Committee of US Congress
Founder of Input Output Global and the Cardano network, Charles Hoskinson, tweeted that an official invitation had arrived for him to speak about blockchain and cryptocurrencies before the Agriculture Committee of the United States House of Representatives. United.
The Agriculture Committee was founded back in 1820 in relation to farming and, these days, among other duties, what it does is oversee commodities, since most of them historically came from the agricultural sphere—things that were grown in large amounts and then sold.
In 1974, the CFTC was established in the United States (Commodity Futures Trading Commission) to regulate commodity futures trading. The new CFTC made the existence of the Agriculture Department’s Commodity Exchange Authority unnecessary.
Therefore, now, the Agriculture Committee has authorized the CFTC to regulate the commodity futures trading sphere.
Bitcoin and Ethereum have been identified as commodities in recent years, and Senators Kirsten Gillibrand and Cynthia Lummis have suggested they remain so in their recently proposed bill. However, other digital currencies can be treated as securities or “ancillary assets”, such as ADA and SOL.
The event with Cardano’s Charles Hoskinson will take place next week on June 23, and it will be broadcast live on YouTube for everybody interested to watch.
