Financial Regulators Weigh In On Bitcoin Today

The dedicated session involving the US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) took place today. (Tuesday, Feb. 6th, 2018)

The written testimonies of Jay Clayton and J. Christopher Giancarlo, the chairmen of the SEC and the CFTC respecitvely, have been released to the public.

Cryptocurrency users have reacted calmly to the major meeting of US regulators in which they discussed cryptocurrencies, ICOs and ETFs.

In lengthy testimony already available for viewing, SEC chairman Jay Clayton reiterates concerns about the need to distinguish between ICOs as securities and non-securities, and hints markets remain unprepared for Bitcoin ETFs in the near-term.

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