US Congress holds hearings on virtual currency

1.

Because f acebook wants to be recognized by Swiss currency, it has to apply for payment license . Swiss bank may be in charge of this part. After all, Swiss bank's confidentiality is absolute. According to the issuance plan of Libra, the financial services provided by this digital money bank plan will significantly exceed the simple payment system, which means that the more demand is

, FINMA said on Wednesday, It is expected to provide digital trading and payment services to billions of potential users. But then, many central banks, finance ministers, legislators and many privacy organizations around the world questioned Libra and expressed concern (Li Ming)

2. I'm glad to answer this question for you. Bitcoin means that it can be sold as high as possible.

3. It happened that the U.S. Congress held a hearing to learn about Toyota's car recall. By the way, I learned about the hearing system of the U.S. Congress. Parliamentary hearing is a formal and main method to collect and analyze opinions and data from all walks of life when drafting legislative policies in countries with parliamentary hearing system. Consent hearing, legislative hearing, supervision hearing, investigation hearing or joint hearing held by the former all have the same preparation process and rules. Hearings usually include oral testimony of witnesses and questions from members of Congress. Type of hearing: the legislative hearing committee will hold legislative hearings for measures or public issues that may become open laws. The hearing provides a forum for witnesses from different backgrounds to express facts and opinions, including members of Congress, government officials, interest groups and scholars. Therefore, the rights and interests of citizens may also be directly or indirectly affected by the opinions put forward. Supervisory hearing supervisory hearing is used to review or study a law, issue or activity, and often focuses on the quality of federal programs and the performance of government officials. The hearing also helps to ensure that the executive units comply with the original legislative intent and administrative policies reflect the public interest in the implementation of laws. Supervision hearings are often in pursuit of the improvement of government operation efficiency, efficiency and economy. For example, on May 8, 1996, the U.S. Senate Energy and natural resources committee held a supervision hearing to discuss the recent rise in oil prices, the Government Affairs Committee held a supervision hearing for the relevant affairs of the U.S. Federal internal revenue service, and the U.S. Senate health, ecation, and Environmental Protection Committee held a supervision hearing for the relevant affairs of the U.S. Federal internal revenue service The labor and retirement welfare Commission held a supervisory hearing to implement the family and Medical Leave Act, and the U.S. Senate Committee on Indian Aboriginal Affairs held a supervisory hearing for a recent Supreme Court case involving Indian gambling. Many committees supervise the existing plans in the relevant legislative hearings, or play the role of supervision in the routine reauthorization of a plan, so the supervision hearings may be held together with the legislative hearings. There are some common features between the investigation hearing and the legislative and supervisory hearing. The difference lies in that the purpose of holding such a hearing is to express the determination of Congress to investigate, usually when government officials are suspected of making mistakes in the performance of their government functions or when citizens' activities need legislative remedy. The investigative powers of Congress are extensive and have been in operation for many years since the early Republican period. The most indicative investigations in the history of the United States include the credit corporation scandal, the Thibaud mountain scandal, the army McCarthy hearing, the Watergate scandal and the Iran gate scandal. Therefore, the investigation hearing often helps the legislature to reveal the problem. In addition, judicial action may take precedence over congressional investigations, either at the same time as the hearing, or in accordance with the findings of the hearing. The right of consent hearing is held for the presidential nomination. The purpose of the hearing is to realize the function of the Senate as an advisor and center under the constitution. Each Senate committee holds the right of consent hearing which has its own administrative and judicial status on the Presidential Nomination within the scope of its own powers and responsibilities, These hearings often provide people with an opportunity to supervise the departments and institutions of the nominees, while most of the consent hearings are routine, and some are held additionally for the sake of controversial appointment and nomination. Similarly, under the provisions of the constitution, the Senate must also exercise the right of consent to the ratification of treaties signed by administrative units and foreign governments. For example, in October 1999, the US Senate Foreign Affairs Committee and the US Senate Armed Services Committee held hearings on the comprehensive nuclear test ban treaty. In the same year, the US Senate Foreign Affairs Committee also held hearings on the ratification of tax treaties with Estonia, Venezuela, Denmark and other countries. Although there are not as many such hearings as the so-called consent hearings, these hearings enable the Senate to play an important role in the field of public policy in accordance with its constitutional rights and obligations. A live hearing a live hearing is a congressional hearing held outside Washington, D.C., where the U.S. Congress is located.

4. Yes, the U.S. Congress has the power to require the president to attend the hearing.
the U.S. Congress hearing, also known as the notarial association, is a formal and main method to collect and analyze opinions and information from all walks of life in the preliminary study of legislative policies. Consent hearing, legislative hearing, supervision hearing, investigation hearing or joint hearing held by the former all have the same preparation process and rules. Hearings usually include oral testimony of witnesses and questions from members of Congress
in terms of nature, congressional hearings can be roughly divided into four categories: first, legislative hearings, that is, prior hearings on congressional legislation; The second is the supervisory hearing, that is, the hearing held by the Senate when it exercises the power of personnel consent and approves personnel appointment; Third, the review hearing, the main purpose of which is to review the work of the government; The fourth is investigative hearing, which is usually concted on a specific issue and presided over by a standing committee or special committee of Congress. The United States Congress has various standing committees, such as the Foreign Affairs Committee and the judicial committee. When confronted with major events at home and abroad, the corresponding Standing Committee of Congress can investigate the parties concerned. In the course of the investigation, various hearings may be held. The parties (including the president) summoned by Congress must attend the hearing and accept questions, otherwise they will be punished by justice. The hearing not only helps Congress understand the truth, but also provides useful information for making relevant policies

5.

According to the definition of the European Central Bank in 2012, "a kind of digital currency that is not legally binding, issued and controlled by developers, and accepted and used in specific virtual community members."

at the 2013 congressional hearing, Federal Reserve Chairman Ben Bernanke said that "in the past two decades, virtual currency has been regarded as an electronic currency, or a payment system technology field that has been developing."< In 2013, the financial crime enforcement network (FinCEN) of the U.S. Department of the Treasury defined it as: "virtual currency is a medium of exchange that operates like real currency in some environments, but it does not have all the attributes of real currency." It also has no legal tender status. In 2014, the European Banking authority defined it as "a digital form of value that is not issued by central banks or government departments and is not necessarily associated with legal tender, but it is accepted by natural and legal persons as a means of payment and can be transferred, stored and traded electronically

in Chinese mainland refers to the currency that runs on the Internet, and the famous virtual currency, such as Tencent Inc's Q coins and the grand company's roll, also has virtual currency in online games. Virtual currency is usually used for users to purchase virtual services on the network, such as QQ membership function of Tencent's QQ coin, online game equipment, etc. Virtual currency is usually a means of payment. For example, the Ministry of culture of the people's Republic of China defined it in 2009 as a virtual exchange tool that is issued by online game operators, directly or indirectly purchased by game users using legal tender in a certain proportion, existing outside game programs, stored in servers provided by online game operators in the form of electromagnetic records, and expressed in specific digital units

data source: virtual current from Wikipedia

6. Congressional hearings in the United States, also known as the notarial association, is a formal and main method to collect and analyze opinions and information from all walks of life when drafting legislative policies. Consent hearing, legislative hearing, supervision hearing, investigation hearing or joint hearing held by the former all have the same preparation process and rules. Hearings usually include oral testimony of witnesses and questions from members of Congress
legislative hearings
the committee will hold legislative hearings for measures or public issues that may become open articles of law. The hearings provide a forum for witnesses from different backgrounds to express facts and opinions, including members of Congress, government officials, interest groups and scholars. Therefore, the rights and interests of citizens may also be directly or indirectly affected by the opinions put forward<

supervisory hearing
supervisory hearing is used to review or study a law, issue or activity, and often focuses on the quality of federal programs and the performance of government officials. The hearing also helps to ensure that the executive units comply with the original legislative intent and administrative policies reflect the public interest in the implementation of laws. Supervision hearings are often in pursuit of the improvement of government operation efficiency, efficiency and economy. For example, on May 8, 1996, the U.S. Senate Energy and natural resources committee held a supervision hearing to discuss the recent rise in oil prices, the Government Affairs Committee held a supervision hearing for the relevant affairs of the U.S. Federal internal revenue service, and the U.S. Senate health, ecation, and Environmental Protection Committee held a supervision hearing for the relevant affairs of the U.S. Federal internal revenue service The labor and retirement welfare Commission held a supervisory hearing to implement the family and Medical Leave Act, and the U.S. Senate Committee on Indian Aboriginal Affairs held a supervisory hearing for a recent Supreme Court case involving Indian gambling. Many committees supervise the existing plans in the relevant legislative hearings, or play the role of supervision in the routine reauthorization of a plan, so the supervision hearings may be held together with the legislative hearings<

investigation hearing
there are some common features between investigation hearing and legislative and supervisory hearing. The difference is that the purpose of holding such a hearing is to express the determination of Congress to investigate, usually when government officials are suspected of making mistakes in performing their government functions or when citizens' activities need legislative remedy. The investigative powers of Congress are extensive and have been in operation for many years since the early Republican period. The most indicative investigations in the history of the United States include the credit corporation scandal, the Thibaud mountain scandal, the army McCarthy hearing, the Watergate scandal and the Iran gate scandal. Therefore, the investigation hearing often helps the legislature to reveal the problem. In addition, judicial action may take precedence over congressional investigations, either at the same time as the hearing, or in accordance with the findings of the hearing<

right of consent hearing
the right of consent hearing held for presidential nomination is to realize the function of advise and consent given by the constitution to senators. Each Senate committee shall hold the right of consent hearing with its own administrative and judicial status on the Presidential Nomination within the scope of its own rights and responsibilities, These hearings often provide people with an opportunity to supervise the departments and institutions of the nominees, while most of the consent hearings are routine, and some are held additionally for the sake of controversial appointment and nomination. Similarly, under the provisions of the constitution, the Senate must also exercise the right of consent to the ratification of treaties signed by administrative units and foreign governments. For example, in October 1999, the US Senate Foreign Affairs Committee and the US Senate Armed Services Committee held hearings on the comprehensive nuclear test ban treaty. In the same year, the US Senate Foreign Affairs Committee also held hearings on the ratification of tax treaties with Estonia, Venezuela, Denmark and other countries. Although there are not as many such hearings as the so-called consent hearings, these hearings enable the Senate to play an important role in the field of public policy in accordance with its constitutional rights and obligations<

live hearing
live hearing is a congressional hearing held outside Washington, D.C., where the U.S. Congress is located
summons and evidence collection
most people will respond to the invitation to testify in good faith, because they believe that this is a rare opportunity to communicate and express their views on a public policy issue. However, if someone fails to attend after being invited, the committee or the sub committee may issue a summons to attend. Subpoena is not limited to persons. The committee may also subpoena letters, books, reports or other documents. Subpoenas are not often issued at hearings, and most subpoenas are usually issued at investigative hearings.

7. it's clear now that we didn't do enough to prevent these tools from being used for harm as well. That goes for fake news, foreign interference in elections and hate speech, as well as developers and data privacy. We didn't take a broad view of our responsibility, and that was a big mistake. it was my mistake, ans i'm sorry.

8. Yes, the U.S. Congress has the power to require the president to attend the hearing.
the U.S. Congress hearing, also known as the notarial association, is a formal and main method to collect and analyze opinions and information from all walks of life in the preliminary study of legislative policies. Consent hearing, legislative hearing, supervision hearing, investigation hearing or joint hearing held by the former all have the same preparation process and rules. Hearings usually include oral testimony of witnesses and questions from members of Congress
in terms of nature, congressional hearings can be roughly divided into four categories: first, legislative hearings, that is, prior hearings on congressional legislation; The second is the supervisory hearing, that is, the hearing held by the Senate when it exercises the power of personnel consent and approves personnel appointment; Third, the review hearing, the main purpose of which is to review the work of the government; The fourth is investigative hearing, which is usually concted on a specific issue and presided over by a standing committee or special committee of Congress. The United States Congress has various standing committees, such as the Foreign Affairs Committee and the judicial committee. When confronted with major events at home and abroad, the corresponding Standing Committee of Congress can investigate the parties concerned. In the course of the investigation, various hearings may be held. The parties (including the president) summoned by Congress must attend the hearing and accept questions, otherwise they will be punished by justice. The hearing is not only helpful for Congress to understand the truth, but also provides useful information for the formulation of relevant policies.

President Clinton was asked by Congress to go to the hearing because of the Lewinsky case. He fought desperately, and finally gave him face, so that he could do it by video in the white house without going to Congress in public. The main reason for this is that it involves private affairs.

9.

According to the constitution of the United States, the United States is a federal country with the separation of legislative, judicial and administrative powers. The Congress exercises legislative power, the government headed by the president exercises executive power, and the court exercises judicial power. The Congress is the highest legislative body of the Federation, which is composed of the Senate and the house of Representatives. It holds a term every two years. The first Congress was held in 1789 and is now the 111th. The United States will have the following functions and powers:

< blockquote >

legislative power

< / blockquote >

Congress will pass legislation, approve the government's annual budget and allocate funds, approve its tax, trade, conscription, finance and other important domestic and foreign policies, approve treaties and agreements concluded by the government and the president with foreign governments and international agencies, and decide war and peace

the Congress can only amend the constitution after being proposed by more than two-thirds of the members of the house of Representatives and the Senate, and the constitutional amendment shall be implemented after being approved by three-quarters of the state parliaments or the state constituent assembly

Congress also has the power to propose, consider and pass a large number of various resolutions that need not be signed by the president

The Congress supervises the internal affairs, foreign affairs and personnel of the federal government in accordance with the law; Holding regular or irregular hearings, summoning officials of various federal government departments to testify, introce information or answer questions from members, and providing reports needed by Congress; To investigate the illegal and malfeasance behaviors of the administrative and judicial departments, and put forward the punishment suggestions. It is worth noting that since the president of the United States is elected by the voters rather than by the Congress, the president is not responsible to the Congress. Although the government led by the president is controlled by the Congress, it is not under the leadership of the Congress, nor is it responsible to the Congress. The government is only responsible to the president, the president is only responsible to the voters, and the Congress has no power to overthrow the president, Therefore, the supervision power of Parliament is smaller than that of parliamentary countries such as Britain

< blockquote >

personnel power

< / blockquote >

the president's appointment to the chief justice, judges, cabinet members and other government officials and envoys abroad must be approved by the Senate. The relevant Senate committees hold hearings, debates and votes on the presidential nomination. After it is approved, it is submitted to the general assembly of the Senate for voting and approval

after each presidential election, if the number of electors for the president and vice president is less than half, the president and vice president shall be elected by members of the house of Representatives and the Senate. If both the president and the vice president are removed, died, resigned or incapacitated, Congress will decide to act as the president through legislation until the president recovers his ability to perform his ties or a new president is elected. If there is a vacancy in the office of vice president, the President shall nominate the candidate and the Congress and the house of Representatives shall approve it by a majority vote

The Congress can impeach the president, vice president, senior executive officer, federal court judge who is accused of treason, bribery or other felony

The power of impeachment belongs to the house of Representatives. The procere is that several members report, and then a committee is formed to investigate and collect evidence. If the impeachment basis is established, the committee will draft an impeachment resolution and submit it to the general assembly of the house of representatives for deliberation. With the consent of more than half of the members present, an impeachment case can be proposed

Senate trial. The trial procere is the same as the criminal procere

the vice president (and President of the Senate) shall be the chairman in the trial of ordinary civil servants; When the president is tried, the chief justice of the supreme court serves as the chairman to prevent Congress from arbitrarily dealing with the president. During the trial, the impeachment cases will be heard and voted item by item to determine whether they are guilty or not. Without the consent of more than two-thirds of the members present, no conviction shall be given

Congress can also reprimand and admonish the above officials for committing misdemeanor, malfeasance, misconct, etc

From 1789 to 1998, a total of 16 people were impeached by the house of Representatives and tried by the Senate in the United States, including two presidents (Andrew Johnson in 1868 and William Clinton in 1998), one cabinet secretary (Defense Secretary), 12 judges and one senator (impeachment of senators took place in 1789, when the United States still followed the British system and took the Senate as the object of impeachment). Only seven of them (all judges) were convicted and removed from public office, while the remaining nine were acquitted because the charges against them could not be established