Jerry Brito Explains Bitcoin Potential to New Jersey Bitcoin Legislators

Coin Center’s Executive Director Jerry Brito (on right) was among the nine participants who addressed the New Jersey Legislature’s Financial Institutions on questions related to Bitcoin. In the end, the Bitcoin lobbyist unquestionably made some progress when it came to informing lawmakers about the cryptocurrency and its wider applications in the world.
The aforesaid hearing was held to ensure the protection of Bitcoin consumers, especially in times when the market has just suffered a price crash and a few highly publicized hacking incidents. Legislators, during the entire Q&A round, were more focused on the risks and volatility of Bitcoin, ignoring other pending topics related to drugs, money laundering andterrorism.

This post was published at NewsBTC on February 6, 2015.

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