Chairman Carper's Reaction to the Creation of a New Task Force to Study Virtual Currencies

Statement

Today, Senator Tom Carper (D-Del.), chairman of the Homeland Security and Governmental Affairs Committee, released the following reaction to the announcement that the Conference of State Bank Supervisors will create a task force to study new and emerging payment systems, like virtual currencies:

"As virtual currencies, like Bitcoin, and similar technologies continue to be increasingly utilized, we have to ensure that governments are adequately protecting consumers and addressing lawbreakers without hindering innovation. That's why I am encouraged that the Conference of State Bank Supervisors is paying attention to this evolving technology and looking for ways to better coordinate oversight to protect consumers and local communities. While there is still more work to be done, this is an important step. I encourage federal and state agencies and local entities, including banks, to further their collaboration so consumers and businesses can understand the rules of the road and be well served by them."

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