CRYPTO INSIDER: Coins beating stocks after a blockbuster regulatory hearing

Usain Bolt of Jamaica competes in the Men's 100 meter semifinal on Day 9 of the Rio 2016 Olympic Games at the Olympic Stadium on August 14, 2016 in Rio de Janeiro, Brazil.

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Usain Bolt of Jamaica competes in the Men’s 100 meter semifinal on Day 9 of the Rio 2016 Olympic Games at the Olympic Stadium on August 14, 2016 in Rio de Janeiro, Brazil.
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Cameron Spencer/Getty Images)

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The heads of two major US regulators testified in front of a congressional committee about cryptocurrencies, initial coin offerings, and the regulation of them. Here’s what went down.

So far on Wednesday, cryptocurrencies are outpacing stocks. Here’s the full scoreboard:

What else is happening: