The Financial Services Committee of the United States House of Representatives has scheduled a hearing entitled "Oversight of the Securities and Exchange Commission: Wall Street's Cop on the Beat", which should not be a guiding factor. Securities and Exchange Commission (SEC) chairman Jay Clayton and four other SEC commissioners will discuss cryptocurrency next week.
According to a memorandum published on Thursday, the hearing would also examine the Facebook (NASDAQ: FB) proposed the introduction of its own cryptocurrency, Libra.
"The Libra Investment Token could be a security because it should be sold to investors to cover the start-up costs while paying dividends, the Libra token itself may also be a security, but Facebook (NASDAQ: FB) does not intend dividends It is unclear whether investors would have a "reasonable profit expectation", it says in the document.
Separately, Clayton said at the "Delivering Alpha" conference on Thursday that Bitcoin needs more regulation before it can be traded on a major stock exchange.
"If investors think that pricing is as rigorous as on the Nasdaq or New York Stock Exchange ... then they are so mistaken, we have to get to a point where we can be sure that trading will be better is regulated. "
CNBC said all previous attempts to bring bitcoin into the mainstream were blocked by regulators because of concerns about volatility.