The SEC Chairman is sounding his approval of moving against cryptocurrency trading in an effort to try and detain, slow down, control the spread of a method of exchanging value that fundamentally threatens the power of the coercive enterprise.
|The SEC Chairman Will Tell Congress He Supports Regulating Cryptocurrency Trading|
On Tuesday morning Securities and Exchange Commission (SEC) chairman Jay Clayton will testify before congress on the regulatory future of Bitcoin and other digital coins, intensifying the world’s focus on the technology as its value plummeted on Monday.
According to Clayton’s prepared comments, released on Monday afternoon, the SEC will tell the Senate Committee on Banking, Housing, and Urban Affairs that the federal regulator is open to “exploring” regulations for cryptocurrency exchanges—where digital coins are bought and sold—with Congress. “We also are supportive of regulatory and policy efforts to bring clarity and fairness to this space,” Clayton’s prepared testimony reads.
Editor’s Note: This following paragraph from the author, Jordan Pearson, of the article I’m excerpting from, is pure gold.
I must also note that Clayton’s testimony begins with the line, “Chairman Crapo, Ranking Member Brown,” and that Chairman Mike Crapo and Ranking Member Sherrod Brown are both very real lawmakers in the US Senate.
|Read More at Vice News|