EXCLUSIVE -The chairs of Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC), John Clayton and J. Christopher Giancarlo respectively testified before the Senate Banking Committee yesterday on their regulatory ideas and concerns on cryptocurrency. Surprisingly, the sentiment was not a negative one.
While both Clayton and Christopher remained “cautiously optimistic” about the prospects of technological innovation as well as wealth creation for the overall economy, they both acknowledged the risks stemming from gaps in regulation in the overall crypto-world.
