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SEC and CFTC Offer Insight into Future Cryptocurrency Regulation

SEC and CFTC Offer Insight into Future Cryptocurrency Regulation

Author: Dan BrecherDate: February 21, 2018

The heads of Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) continue to weigh in on their future oversight of the growing cryptocurrency market. SEC Chairman Jay Clayton and CFTC Chairman Christopher Giancarlo recently wrote an op-ed in the Wall Street Journal and testified before the Senate Banking Committee.

In both public statements, the two regulators emphasized the risks cryptocurrencies pose for both investors and the financial system as a whole, largely due to the lack of comprehensive federal oversight. However, they also called for regulation to help the industry mature rather than quash it.

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