The U.S. Senate Committee on Homeland Security holds the first congressional hearing on Bitcoin, titled "Beyond Silk Road: Potential Risks, Threats, and Promises of Virtual Currencies." To the surprise of many, the tone was largely positive.
Federal Reserve Chairman Ben Bernanke submitted a letter stating virtual currencies "may hold long-term promise." The hearing helped legitimize Bitcoin in the eyes of lawmakers and investors, contributing to Bitcoin's rally past $1,000 for the first time just nine days later.
Senate hearing transcript