The position of the U.S. Securities and Exchange Commission (SEC) with regard to cryptocurrencies — that existing regulations and guidances are adequate to cover this asset class — appears to be losing ground in Washington.
Driving the news: The White House released a series of reports this morning describing its Comprehensive Framework for Responsible Development of Digital Assets. In comments to reporters, the administration seemed to indicate it disagreed.
"One of the recommendations was that regulators will issue new rules and guidance to resolve confusion, and close gaps related to existing financial regulations application to cryptocurrency. So that's a recognition that we see work needed in this space," a senior administration official said. "That's a clear recommendation coming out of the studies that were done."
Why it matters: The cryptocurrency industry has gotten big, but it remains volatile. The combined market capitalization of all cryptocurrencies fell from $2.8...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...