United States SEC and CFTC Chairmen Both in Favor of Crypto Regulation

[kreslik.news]

SEC Chairman Jay Clayton stated at the beginning of the hearing that he and J. Christopher Giancarlo, Chairman of the United States CFTC, were ‘supportive of regulatory and policy efforts to bring clarity and fairness to this space’–a remark that Reuters referred to as “the strongest indication yet that federal authorities are mulling new laws to scrutinize virtual currency trading and investing.”

Additionally, in response to Idaho Senator Michael Crapo’s question about whether or not they believe that a single regulatory body should be formed for the cryptocurrency industry, both of the Chairmen said that they believed that the introduction of ... (read more)