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Ransomware hearing in Congress hones in on cybersecurity spending and state actors

From theblockcrypto.com

A House of Representatives subcommittee held a hearing focused on ransomware on Tuesday, honing in on a growing policy issue in recent months. Contrary to recurring fears among some industry observers, talk of a clampdown on cryptocurrency activities was fairly muted before the Oversight and Investigations subcommittee of the House Energy and Commerce Committee. Indeed, multiple witnesses noted the importance of good actors in the crypto space. Kemba Walden, a lawyer for Microsoft who testified, noted the role that bitcoin and its pseudonymity played in many ransomware attacks. “This technology does not cause ... (full story)

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