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 Regulators push for 'coordinated' approach to bitcoin trading

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PostSubject: Regulators push for 'coordinated' approach to bitcoin trading   Tue Feb 06, 2018 3:59 pm

One of the nation's top financial regulators pressed for greater coordination on regulating trading of cryptocurrencies at a hearing Tuesday.



“We should all come together, the federal banking regulators, the [Commodity Futures Trading Commission] and [Securities and Exchange Commission] — there are states involved as well — and have a coordinated plan for dealing with the virtual currency trading market,” Jay Clayton, chairman of the Securities and Exchange Commission (SEC), told the Senate Banking Committee.

Clayton testified alongside Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo, as lawmakers pressed them on steps they are taking to regulate bitcoin and other cryptocurrencies.

http://thehill.com/policy/technology/372550-sec-head-initial-coin-offerings-that-are-actually-securities-are-in-our

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