Congressman Tom Carper Looks For Clarity on Bitcoin Business Regulation From CFTC
Senator Tom Carper (D) of Delaware - the same lawmaker who called for hearings on bitcoin late last year - is looking to get some clarity from the United States Commodity Futures Trading Commission (CFTC) regarding the potential regulation of bitcoin business, which has undoubtedly become big in the past year. Senator Tom Carper of Delaware. "Given that we read about a new venture in the digital currency space nearly every day, it is important that our government agencies respond appropriately and in a timely manner with thoughtful policy and oversight," wrote Carper in an email. "Those....
Related News
US Senator Tom Carper yesterday called on the Commodity Futures Trading Commission (CFTC) to clarify its position on digital currencies. Carper is a Delaware Democrat and he currently heads up the Homeland Security and Governmental Affairs Committee. It should be noted that Delaware is home to many credit card companies in the US, thanks to business-friendly regulations that have attracted numerous financial institutions to the state. According to Bloomberg, Carper's staff are already working on a report on digital currencies, scheduled for release sometime in the spring. Carper's email to....
"Let's not kill the baby in the cradle," said Congressman Tom Carper today in an interview that aired on financial TV network CNBC. He was, of course, talking about bitcoin - making a reference to the early days of the Internet when many people didn't show interest and utility. But Carper recognizes the potential behind this digital currency. In his interview, Carper mentions that the possibility for "bad things" to happen using bitcoin is there (drug trade, money laundering, to name the heavy-hitters). But he emphasized that good things can also happen, such as improving transaction....
CFTC and SEC regulation for bitcoin is inevitable. While some people are against it, regulatory clarity will help bitcoin adoption and boost the price.
Jared Marx is an attorney at the Washington, DC law firm of Harris, Wiltshire & Grannis. He advises companies about bitcoin-related regulatory law, and represents companies and individuals in civil and criminal proceedings. Mark Wetjen, a commissioner at the US Commodities Futures Trading Commission (CFTC), has made it known loud and clear recently that bitcoin fits the legal definition of a commodity and that the CFTC has authority to regulate the digital currency. So what would the CFTC's regulation of bitcoin actually look like? For the average bitcoin user and business, probably not....
A commissioner with the Commodity Futures Trading Commission (CFTC), Dawn Stump, has voiced concerns about cryptocurrency regulation through enforcement — the approach taken by both the CFTC and the U.S. Securities and Exchange Commission (SEC).
CFTC Commissioner Stump on Crypto Regulation
CFTC Commissioner Dawn Stump has raised concerns regarding the approach her agency and the U.S. Securities and Exchange Commission (SEC) are taking to regulate the crypto industry. The commissioner is a vocal proponent of clarifying guidelines for crypto assets.
In an....