Africa

Asia

Europe

Middle East

North America

South America

United States

Cryptoassets & Blockchain Legal News

BTC $ 3609 1.0%
BCH $ 129 5.34%
ETH $ 119 1.38%

United States

SEC and CFTC Chairmen concerned with unruly cryptocurrency industry

January 27, 2018 by Bertrand Theaud

In a joint statement published in The Wall Street Journal, Securities and Exchange Commission (SEC) chief Jay Clayton and Commodity Futures Trading Commission (CFTC) head J. Christopher Giancarlo warned the cryptocurrencies market participants against disregard for regulations and circumventing the rules governing investor protection.

According to the statement, the fact that the limited jurisdiction of the CFTC and SEC over cryptocurrency transactions is often cited as regulation as an investment attribute should make investors wary. Moreover, the authors of the op-ed suggested that the frameworks used during the registration of cryptocurrency exchanges other trading platforms should be revisited.

Tags: ,

More info from other sources

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