CFTC/SEC Statement regarding Crypto

in cryptocurrency •  2 years ago 

Although the meeting with Congress was moved from 2/6 to 2/14, the CFTC released their joint statement with the SEC.

The full transcript is here.

https://www.banking.senate.gov/public/_cache/files/d6c0f0b6-757d-4916-80fd-a43315228060/A2A6C1D8DDBB7AD33EBE63254D80E9E3.giancarlo-testimony-2-6-18b.pdf

And before you say "TL:DR?" think about this: If someone were to pay you an equivalent amount to your holdings, to simply read 42 pages of paper, would you do it?

I am reading it right now, and will post my take in the comments BUT I am not a lawyer, or financial advisor. If anyone smarter than me (and that's all of you) want to post a dissection of this, please do.

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