US House hearing pumps CFTC, dumps SEC, achieves little
The new bill aims to carve out clearly defined roles for both the CFTC and the SEC and stop the fight between these two agencies on who takes the lead in regulating digital assets.
The new bill aims to carve out clearly defined roles for both the CFTC and the SEC and stop the fight between these two agencies on who takes the lead in regulating digital assets.
Christopher Giancarlo, chairman of the U.S. Commodity Futures Trading Commission (CFTC), has announced his intention to retire following the completion of his current term in 2019.
CFTC general counsel Daniel Davis told staff that they can trade digital tokens like they would corn, oil, precious metals, and other commodities.
While there has been a pullback in the past couple of weeks, cryptocurrencies will soon witness another growth spurt.
CFTC chairman J. Christopher Giancarlo won a lot of crypto fans after yesterday’s Senate hearing.