Live Updates: US Senate Discusses Cryptocurrency Regulation

[kreslik.news]

The US Senate is today holding a discussion entitled “Virtual Currencies: The Oversight Role of the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission”.

As the name implies, the subject under discussion is the extent to which the American financial watchdogs can control the partially regulated assets. The SEC has been somewhat active in halting fraudulent ICOs,  and has warned against them, but clarification is vital as the industry grows.

The heads of the SEC and the CFTC, Jay Clayton and J. Christopher Giancarlo respectively, will be faced with a ... (read more)