Commissioners from the Securities and Exchange Commission (SEC) and the US Commodity Futures Trading Commission (CFTC) will report on cryptocurrencies at a Senate meeting on Tuesday.
The Banking, Housing and Urban Affairs Committee will meet on February 6 at 10:00 a.m. EST. There, Jay Clayton and Christopher Giancarlo, authorized representatives of the SEC and CFTC, will provide a report on the situation in the crypto market.
The topic of the meeting was “Virtual currencies: the role of the US Securities and Exchange Commission, which oversees and regulates the securities market, and the US Commodity Futures Trading Commission, which oversees the implementation of legislation.”
In recent weeks, the SEC has filed a number of lawsuits against illegal ICOs, and the CFTC is reviewing the activities of cryptocurrency exchanges Bitfinex and Tether, the company that likely owns the controversial token USDT.
Recently, Messrs. Clayton and Giancarlo published a joint article in the Wall Street Journal that served as an impetus for industry oversight and a warning to those who promote investing.
“Market participants, including lawyers, trading floors and financial services companies, should be aware that we are concerned about the many examples of how form trumps substance, depriving investors of essential protections,” they said. article.
The Committee meeting will be broadcast online.
According to https://www.coindesk.com
You May Also Like
The Sandbox hackathon Maff Metaverse will take place May 20-27
On May 20–27, an online hackathon will be held dedicated to the development of art objects in the promising metaverse The Sandbox, which is included in the TOP 100 most influential companies in the world.
10th Blockchain & Bitcoin Conference Moscow: program, topics of reports and the first three speakers
The anniversary event on crypto industry trends will bring together industry professionals to discuss the current state of the digital currency market and earning opportunities in this area.
