Representatives from both the U.S. legislators and administration officials expressed urgency Tuesday around providing clarity to the digital asset or blockchain industry during Axios' "Crypto and the Investing Space" event.
Why it matters: If the rules in an industry are fuzzy, the bad actors are fuzzy, too.
Driving the news: "I'd wave a magic wand tomorrow and start defining some of these things," Rep. Darren Soto (D-Fla.) said Tuesday morning.
Similarly, Christy Goldsmith Romero, a newly appointed commissioner with the Commodity Futures Trading Commission (CFTC), said, "I am certainly of the opinion that I would like Congress to act."
State of play: At the top level, entrepreneurs in the cryptocurrency industry and their billionaire backers have long complained that they don't have any idea what is or isn't against the rules in the U.S.
At the grassroots, many investors have done very well investing in cryptocurrency but many others have lost life changing amounts of money.
At...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
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...