Bitcoin to Get More Attention From U.S. Consumer Bureau

From: Bloomberg

By Carter Dougherty

Bitcoin and other digital currencies will get more attention from the U.S. Consumer Financial Protection Bureau after prodding from a congressional watchdog.

The Government Accountability Office, the investigative arm of Congress, wrote in a confidential report that the bureau, created by the 2010 Dodd-Frank financial regulatory overhaul, needed to become more active in developing U.S. digital-currency policies. In a written response, the agency agreed.

“We’re looking forward to increasing our involvement in formal working groups as they engage on specific issues relating to consumer protection,” William Wade-Gery, acting assistant director for card and payment markets, wrote in a May 6 letter to GAO.

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