A Senate hearing on virtual currencies held

Blockchain North America United States

Initial coin offerings (ICOs), trading platforms, derivatives and exchange-traded funds (ETFs), as well as the blockchain technology itself, have all been the focal points of the hearing on cryptocurrencies held by the Senate Committee on Banking, Housing, and Urban Affairs.

The committee welcomed the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) chairmen Jay Clayton J. Christopher Giancarlo to present a joined testimony followed by a Q&A session.

While no groundbreaking statements have been made during the hearing, it has proven that concern over the current state and the future of the cryptocurrencies market is present at the highest levels of the US government and that increased efforts to regulate it are likely to follow.

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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