SEC, CFTC chiefs to talk cryptocurrencies with the Senate

Cryptocurrency North America United States

An upcoming hearing at the Senate Banking Committee will allow the Securities and Exchange Commission and the Commodity Futures Trading Commission chefs, Jay Clayton and J. Christopher Giancarlo to present their take on cryptocurrencies regulations and their efforts in preventing crypto-related scams while allowing the new technology to develop.

Both chairmen have previously expressed concerns about the lack of oversight over cryptocurrency financial product making potential investors an easy prey for fraudsters and see maintaining the balance between allowing innovation and legal protection of the market players as their main challenge.

About the author

Maciek Klimowicz

Maciek Klimowicz

A seasoned writer and editor with 10 years of experience in a variety of print and online media. Recognizing the transformative potential of the blockchain technology, Maciek has now put his pen to work to explore the key issues of this fast-evolving sector. Contact him on [email protected].

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