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Cryptoassets & Blockchain Legal News

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United States

Self-Regulation the way to go for cryptocurrencies says CFTC Commissioner

February 7, 2018 by Ashley MAO

During Yahoo Finance’s cryptocurrency event in New York, Brian Quintenz, a member of the Commodity Futures Trading Commission, reflected on the previous day’s Senate hearing which saw the Securities and Exchange Commission and CFTC chiefs address the many issues associated with cryptocurrencies.

“One of the other takeaways from yesterday was you didn’t hear either chairman say ‘no, absolutely not, this is not safe, we must stop this at all costs.’” said Quintenz.

He also suggested that self-regulation should be considered by the crypto-industry as adjusting the jurisdictional powers of SEC and CFTC to the new reality is likely to take a long time.

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Ashley MAO, Coinlaw

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

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