Top US regulators: Bitcoin and cryptocurrencies "have come to stay"
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CFTC chairman J. Christopher Giancarlo said in an interview with CNBC that bitcoin and cryptocurrencies are "a phenomenon that will not disappear again. This thesis may sound like a statement from a Bitcoin fan or crypto-hedge fund manager, but it was actually published by one of the leading derivatives regulators in the US.
As early as two weeks ago, Giancarlo noted that regulators should not inhibit innovation while monitoring cryptocurrencies, and yet remain alert to manipulation. In the interview, he proposed a similar "Do no Harm" approach, as in the regulation of the Internet.
In a recent interview with Bob Pisani of CNBC, Giancarlo met to discuss the CFTC's regulatory role for the crypto industry. For him as a regulator, it is currently about to pull the black sheep out of circulation.
and the piece of shit inflationary fiat currency is on the way out!!!
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In a nutshell... To pull black sheep out of circulation . it is a welcome development @tradewonk
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