Africa

Asia

Europe

Middle East

North America

South America

United States

Cryptoassets & Blockchain Legal News

BTC $ 3610 1.02%
BCH $ 130 5.66%
ETH $ 119 1.61%

United States

Cryptocurrencies a unique challenge for the CFTC

December 12, 2017 by Ashley MAO

J. Christopher Giancarlo, the chairman of the Commodity Futures Trading Commission (CFTC) said in a statement made yesterday, that “virtual currencies are unlike any commodity that the CFTC has dealt with in the past, and I know they pose challenges for the SEC as well.”

Granciano ensured that CFTC cooperates with SEC in regards to ICOs and cryptocurrencies and applauded SEC for encouraging investors to “recognize risks and legal responsibilities they have regarding cryptocurrencies and [ICOs].”

Granciano then continued to say that his agency has limited statutory authority over cryptocurrencies. “be aware of the potentially high level of volatility and risk in these markets,” he concluded.

Tags: ,

More info from other sources

Ashley MAO, Coinlaw

view profile
Ashley MAO is a member of the Coinlaw team. Read more about our team.

SIMILAR NEWS

United States Latest Cryptoassets & Blockchain Legal News

Stay tuned with the legal news on blockchain & cryptoassets

Whether you are a founder gearing-up for an ICO, a token-buyer or a cryptoasset trader, subscribe to our newsletter to be informed of the latest legal developments impacting blockchain & cryptoassets in each and every jurisdiction