SEC, CFTC Display United Front On Cryptocurrency

By Laura Anthony (March 19, 2018, 1:48 PM EDT) -- On Feb. 6, 2018, the United States Senate Committee on Banking, Housing, and Urban Affairs held a hearing on "Virtual Currencies: The Oversight Role of the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission." Both SEC Chairman Jay Clayton and CFTC Chairman J. Christopher Giancarlo testified and provided written testimony. The marketplace as a whole had a positive reaction to the testimony, with bitcoin prices immediately jumping up by over $1,600. Here, I review the testimony and provide some commentary....

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