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Major Bank CEOs Testify at US Congress, Topics Include Blockchain and Crypto

Published 04/10/2019, 05:50 PM
Updated 04/10/2019, 06:03 PM
Major Bank CEOs Testify at US Congress, Topics Include Blockchain and Crypto

Chief executive officers of leading banks testified before the United States House of Representatives Financial Services Committee on April 10 on how the banking industry has transformed since the 2008 financial crisis. Among many topics spanning the breadth of the banking industry, the CEOs and lawmakers discussed blockchain technology and cryptocurrencies.

During his allotted time for questioning, Rep. Warren Davidson (R) argued that the industry is entering into a new era of innovation, wherein blockchain technology is transforming existing financial systems, as well as cybersecurity. Davidson also noted that the U.S. is currently staggering behind due to regulatory certainty issues.

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