The SEC and CFTC are opting to let these markets grow naturally instead of outright banning all market activity like China or other nations have done. To them cryptocurrencies are reminiscent the early days of the internet. The long term value is very unclear but they definitely do see the potential for distributed ledgers and digital currencies to have a profound impact on finance markets. Furthermore, Giancarlo made comments about how cryptocurrencies are what got his children interested in financial markets and how the government owes it to the younger generation to take a thoughful and calculated approach to regulation. They're mainly targeting ICOs, which they argue are mostly securities, and the obvious scams/ponzis.
Submitted February 06, 2018 at 12:42PM by DonaldObama911 http://ift.tt/2nKpNOC
