Bitcoin 

US CFTC Chairman Says Ether Is a Commodity, ETH Futures Coming Next

Chairman of the United States Commodity Futures Trading Commission’s (CFTC) believes that Ether (ETH) is a commodity, with ETH futures trading a coming reality. Heath Tarbert, new CFTC chairman who overtook J. Christopher Giancarlo in July, put forward his stance on Ether, other cryptocurrencies and forked coins at Yahoo Finance’s financial event  All Markets Summit on Oct. 10, Yahoo Finance reports. First CFTC guidance on Ether While the CFTC has been very clear that Bitcoin is a commodity, this is reportedly the first time that the authority has provided a…

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Bitcoin 

Forbes Chairman Believes Bitcoin Can Help Fight Authoritarian Gov’t

Cathie Wood, the founder & CEO of ARK Invest has a sit down with Forbes chairman and editor-in-chief Steve Forbes, in which they discussed, among other themes, the trustworthiness of cryptocurrencies. “Bitcoin is what you might call a high-tech cry for help” On Oct. 6, chairman of Forbes Media Group, Steve Forbes, joined ARK CEO Cathie Wood and ARK analyst James Wang on their most recent ARK podcast. While most of the 55-minute long podcast is dedicated to the traditional markets, towards the end, Forbes shares his views and thoughts…

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Bitcoin 

SEC Chairman Flags Crypto as Continued Regulatory Focus in Latest Speech

The head of United States regulator the Securities and Exchange Commission (SEC) reiterated its focus on the cryptocurrency space in a new speech on April 8. Speaking at the SEC Speaks conference in Washington, chairman Jay Clayton highlighted the digital currency space while giving a broad overview of the organization’s activities and roles. Clayton chose to touch principally on instances where existing laws had been used to deal with noncompliance from crypto entities. “In the digital assets space, […] the Division of Enforcement has brought cases that demonstrate that there…

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Bitcoin 

Former IBM and Cisco Executive Tom Noonan to Join Bakkt as Chairman of Board

Kelly Loeffler, the CEO of institutional trading platform Bakkt, announced that former cybersecurity expert at IBM, Cisco and Endgame Tom Noonan will become the chairman of its board of directors. The development was reported in a Medium post published on March 29. Per the announcement, the founder, chairman and CEO of the Intercontinental Exchange (ICE) and chairman of the New York Stock Exchange (NYSE) Jeff Sprecher is also joining the board of directors of the company. Alongside him, the post further welcomes Softbank managing partner Akshay Naheta and managing partner…

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Bitcoin 

Did the SEC Chairman Confirm Ethereum Isn’t a Security? Not Quite, but It’s Optimistic

Ethereum is most likely not a security under existing United States laws, as previously said by U.S. Securities and Exchange Commission (SEC) Division of Corporate Finance head William Hinman. “Based on my understanding of the present state of Ether, the Ethereum network and its decentralized structure, current offers and sales of Ether are not securities transactions,” Hinman said on June 14, 2018. But, while the statement of SEC Chairman Jay Clayton released on March 12 is certainly positive for the cryptocurrency sector, it did not directly confirm that Ethereum is…

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Bitcoin 

Report From Former CFTC Chairman Calls for Advanced Crypto Regulations

A recent report published for the Brookings Institution is calling for enhanced regulations on cryptocurrencies. The report was authored by Harvard University fellow Timothy Massad, who served as chairman of the United States Commodity Futures Trading Commission (CFTC) during the administration of Pres. Barack Obama. The report dubbed “It’s time to strengthen the regulation of crypto-assets” addresses the purported need for better regulation on digital currencies, the illicit use of cryptocurrencies, as well as measures for reducing the risk of cyber attacks. The report also provides direct recommendations of how…

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Bitcoin 

SEC Chairman Highlights Investor Protection in Regard to Bitcoin ETF

United States Securities and Exchanges Commission (SEC) Chairman Jay Clayton is still concerned about investor protection when it comes to the commission approving a Bitcoin (BTC) Exchange-Traded Fund (ETF). The SEC chairman spoke about crypto in an interview with FOX Business on March 14. In the interview, Clayton claimed to be neutral toward digital currencies, saying that he is not a spokesperson against the asset. The SEC chairman explained that he is concerned with the potential for manipulation associated with the space, and wants to guarantee investor protection: “What I’m…

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Bitcoin 

US SEC Chairman Jay Clayton Confirms ETH Is Not a Security

United States Securities and Exchanges Commission (SEC) Chairman Jay Clayton confirmed that Ethereum (ETH) and cryptocurrencies like it aren’t securities under U.S. law, non-profit crypto research organization Coin Center reports on March 12. Citing a letter written by Clayton, Coin Center reports that the SEC staff has found that ETH is not a security under U.S. law. In September last year, Coin Center worked with U.S. representative Ted Budd to send a co-signed letter to Clayton asking whether he agreed with the approach to ETH of the SEC’s director of…

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