SEC and CFTC Give Testimonies at Senate Hearing on Virtual Currencies

Today, February 6, 2018, the prospects for coherent U.S. regulation on cryptocurrencies became a little more clear, as were the impasses that were frustrating progress on the issue. The Senate Committee on Banking, Housing and Urban Affairs the Committee heard joint testimony from the heads of both the Securities and Exchange Commission SEC and the Commodity Futures Trading Commission CFTC. While both the SEC Chairman Jay Clayton and CFTC Chairman J. Christopher Giancarlo provided written tes

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