HOUSE_OVERSIGHT_029966.jpg
2.26 MB
Extraction Summary
6
People
10
Organizations
2
Locations
3
Events
3
Relationships
4
Quotes
Document Information
Type:
News article / report excerpt (evidence file)
File Size:
2.26 MB
Summary
This document appears to be a news article or report excerpt contained within House Oversight files (Bates stamped HOUSE_OVERSIGHT_029966). It details a series of hearings and meetings in Washington involving federal regulators (FinCEN, DOJ, Secret Service) and Bitcoin advocates (Murck, Andresen). The text highlights how advocates successfully shifted the regulatory narrative from criminal concerns (Silk Road, money laundering) to the economic importance of innovation, gaining support from key figures like Jennifer Shasky Calvery and activist 'Allen'.
People (6)
| Name | Role | Context |
|---|---|---|
| Jennifer Shasky Calvery | Representative |
Represented the Financial Crimes Enforcement Network (FinCEN); testified before Homeland Security Committee and Senat...
|
| Mythili Raman | Representative |
Spoke on behalf of the Justice Department regarding enforcement activities.
|
| Edward Lowery | Representative |
Spoke for the Secret Service regarding shutting down virtual currencies.
|
| Murck | Bitcoin Advocate |
Engaged with Washington policymakers; met with Calvery; introduced to Senate staffers.
|
| Andresen | Bitcoin Advocate |
Traveled to Washington with Murck to build relationships with policymakers.
|
| Allen | Activist |
Long-time activist against child pornography whose support for Bitcoin (against premature regulation) was considered ...
|
Organizations (10)
| Name | Type | Context |
|---|---|---|
| Homeland Security Committee |
Invited federal agencies to testify.
|
|
| Financial Crimes Enforcement Network (FinCEN) |
Represented by Calvery; enforces laws against money laundering.
|
|
| Justice Department |
Represented by Raman; involved in shutting down Silk Road, e-Gold, and Liberty Reserve.
|
|
| Secret Service |
Represented by Lowery; involved in shutting down e-Gold and Liberty Reserve.
|
|
| Silk Road |
Bitcoin-based drug marketplace shuttered by DOJ.
|
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| e-Gold |
Shut down by government for money laundering.
|
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| Liberty Reserve |
Shut down by government for money laundering.
|
|
| Senate Banking Committee |
Heard testimony from Calvery on Tuesday.
|
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| Senate Homeland Security Committee |
Staffers met with Murck.
|
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| Bitcoin Community |
Described as having a strong libertarian streak.
|
Timeline (3 events)
This week
Locations (2)
| Location | Context |
|---|---|
|
Location of hearings and meetings; destination of Murck and Andresen's trip.
|
|
|
Location at the June conference where Murck and Calvery met.
|
Relationships (3)
Murck and Calvery met in the speakers' room at the conference
Winning over Allen was a particular coup for the Bitcoin community
Key Quotes (4)
"Virtual currencies have yet to overtake more traditional methods to move funds internationally for criminal purposes"Source
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Quote #1
"We are attuned to the criminal use of Bitcoin... But there are many legitimate uses. These virtual currencies are not in and of themselves illegal."Source
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Quote #2
"Innovation is a very important part of our economy... premature regulation could stifle Bitcoin innovation."Source
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Quote #3
"Allen's warnings against the dangers of premature regulation were particularly effective coming from a long-time activist against child pornography."Source
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Quote #4
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