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The SEC didn't sue them over Bitcoin. Seems obvious that Bitcoin shouldn't be unregulated and that there should be no question of which regulator has jurisdict
by eli 3y ago
The SEC didn't sue them over Bitcoin.
Seems obvious that Bitcoin shouldn't be unregulated and that there should be no question of which regulator has jurisdiction. Unfortunately that probably needs Congress to act.
- EscapeFromNY 3y agoI don't think there's any question who has jurisdiction. The SEC and CFTC have both agreed it's the CFTC: https://www.axios.com/2022/06/28/bitcoin-is-the-only-coin-the-sec-chair-will-call-a-commodity https://www.axios.com/2022/06/28/bitcoin-is-the-only-coin-th... https://cryptoslate.com/cftc-chair-rostin-behnam-snubs-ethereum-claims-only-bitcoin-is-a-commodity/ https://cryptoslate.com/cftc-chair-rostin-behnam-snubs-ether...
- Karunamon 3y agoThe problem is this is not formalized. It needs to be a law (legislative, not administrative), ideally with the individual tokens named. Relying on the goodwill of regulators is unwise.