CFTC Chairman Strikes Bullish Tone Before Senate, Bitcoin Price Rises

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Thu, 02/15/2018 - 22:56

Chairman Giancarlo of the Commodities Futures Trading Commission (CFTC) testified before a US Senate committee today, speaking on the subject of crypto regulation

CFTC Chairman Strikes Bullish Tone Before Senate, Bitcoin Price Rises

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Chairman Giancarlo of the Commodities Futures Trading Commission (CFTC) testified before a US Senate committee today, speaking on the subject of cryptocurrency regulation. He took a similar tone as he and SEC Chairman Clayton did last week at a similar hearing, calling for “carefully tailored” regulations of cryptocurrency exchanges. Giancarlo went on to discuss ways Blockchain could be transformative in important US industries. The market took his words well, with Bitcoin rising from $9,500 to $10,200 during the day.

About the author

Darryn Pollock

Darryn Pollock is an award winning journalist from Durban, South Africa. He picked up Vodacom’s Regional Sports Journalist Award in 2017 while expanding his Blockchain and cryptocurrency reach. He is a contributor to Forbes, Cointelegraph, Binary District, and of course, U.Today. Darryn’s belief is that Blockchain technology will be the driving force of the next technological wave and it is the obligation of journalists and writers to tell its emerging story with integrity and pride.

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