Congressional Committee Calls for CFTC 'Clarity' on Bitcoin
A Congressional committee has called on the Commodity Futures Trading Commission (CFTC) to focus on digital currency regulation as President Barack Obama’s term in office winds to a close. The Agriculture Committee of the US House of Representatives sent a letter to CFTC chair Timothy Massad in the wake of the election of Republican Donald Trump, who defeated Democrat Hillary Clinton in the presidential vote earlier this month. The committee's letter expressed concern about so-called midnight rulemaking, or a situation in which an outgoing administration uses its remaining time in office....
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The committee meeting was Johnson’s first as committee sponsor; she chose to concentrate on digital assets and the Digital Commodities Consumer Protection Act in her opening. The United States Commodity Futures Trading Commission (CFTC) Market Risk Advisory Committee (MRAC) held its first meeting with its new membership Sept. 28. In her opening statement, the committee’s sponsor, Commissioner Kristin N. Johnson, ran through a laundry list of issues for consideration, but spent the bulk of her time talking about digital assets.This is the first MRAC meeting under Johnson’s leadership. She....
US banks may need regulatory clarity more than the crypto industry, a former Commodity Futures Trading Commission (CFTC) chief said, arguing they risk falling behind the rest of the world. Related Reading: Treasury’s GENIUS Act Report Backs Mixers, But Wants a New ‘Hold Law’ For Crypto Regulatory Uncertainty Could Leave US Banks Behind On Sunday, […]
CFTC has appointed a bitcoin trading expert to their Technology Advisory Committee and has set a meeting on January 26th to review blockchain and bitcoin’s potential application to the derivatives market. Commodities Futures Trading Commission has appointed Paul L. Chou, a bitcoin trading expert to their Technology Advisory Committee. CFTC has also announced that on Tuesday, January 26, 2016 from 9.45 am to 3.45 p.m, the Technology Advisory Committee (TAC) will hold a public meeting at their Washington, DC Headquarters. The agenda of this meeting inclines on the following: The commission’s....