Charles Hoskinson has been officially invited to deliver a speech on crypto and blockchain in front of the US Congressional Committee on Agriculture
Charles Hoskinson, the founder of Input Output Global and Cardano Network, has tweeted that he has received an official invitation to speak about blockchain and cryptocurrency in front of the US House of Agriculture Representatives.
I have just recently received a formal invitation to speak before the US House of Representatives Committee on Agriculture about Blockchain and Cryptocurrencies. If anyone wants to watch it on YouTube, it will go live on June 23 at 10:30 AM EST.
— Charles Hoskinson (@IOHK_Charles) June 17, 2022
The Agricultural Committee was established in 1820 in relation to farming and, these days, among other duties, what it does is oversee commodities, as most of them historically come from the agricultural sector – things that are grown in large quantities and then sold.
In 1974, the CFTC was established in the US (Commodity Futures Trading Commission) to provide regulation for commodity futures trade. The newly created CFTC made redundant the existence of the Commodity Exchange Authority of the Department of Agriculture.
Hence, now the Agriculture Committee has authorized the CFTC to regulate the commodity futures trading sector.
Bitcoin and Ethereum have been recognized as commodities in recent years, and Senators Kirsten Gillibrand and Cynthia Loomis have been suggested to remain in their recently proposed bill. However, other digital currencies can be treated as either securities or “subsidiaries”, such as ADA and SOL.
The event with Cardano’s Charles Hoskinson will take place next week on June 23, and will be streamed live on YouTube for anyone interested in watching.