CFTC Chair: ‘We’re Used To’ Volatile Assets Like Bitcoin
As might be expected, Tuesday's Senate hearing touched on cryptocurrencies' volatility. But the head of the CFTC put the matter in perspective.
The U.S. Senate Banking Committee will hold a hearing next month on Facebook's new cryptocurrency, Libra.
DarkTower director Scott Dueweke said cryptocurrencies are "tailor made" for foreign powers hoping to influence American elections.
It is unclear who will helm Bakkt after CEO Kelly Loeffler joins the U.S. Senate on Jan. 1.
The head of the CFTC told lawmakers Thursday that any federal approach to crypto regulation should be "carefully tailored" to the risks involved.
"It's important to remember that if there were no bitcoin, there would be no distributed ledger technology," Giancarlo told a U.S. Senate committee.