Senate Banking Committee Hearing On Virtual Currency

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Paul Smocer, president of BITS at the Financial Services Roundtable,... News PhotoCEO,Computer,Computer Equipment,Court Hearing,Currency,Equality,Finance,Founder,Government,Horizontal,Indiana University,Internet,Law,North America,Politics,President,Student,Technology,Testimony,The Americas,Trading,USA,Washington DCPhotographer Collection: Bloomberg 2013 BloombergPaul Smocer, president of BITS at the Financial Services Roundtable, from left, Sarah Jane Hughes, university scholar and fellow in commercial law at the Maurer School of Law, University of Indiana, Mercedes Kelley Tunstall, partner with Ballard Spahr LLP, and Anthony Gallippi, co-founder and chief executive officer of BitPay Inc., testify during a Senate Banking Subcommittee hearing on virtual currency with Anthony Gallippi, co-founder and chief executive officer of BitPay Inc., in Washington, D.C., U.S., on Tuesday, Nov. 19, 2013. Bitcoin's rally is accelerating as the U.S. Department of Justice's description of the digital currency as a 'legal means of exchange' bolsters the prospect of wider acceptance as an alternative payment system. Photographer: Andrew Harrer/Bloomberg via Getty Images