More than fifty representatives of US cryptocurrency and Wall Street companies have called on Congress to step in the cryptocurrency, blockchain, and Initial Coin Offering (ICO) markets and bring clarity to regulatory practices. These appeals were the main results of Tuesday’s virtual coin discussion on Capitol Hill.
Representative Warren Davidson (R-Ohio) organized the Tuesday’s roundtable, called “Legislating Certainty for Cryptocurrencies”. Davidson, who plans to submit virtual coin bills soon, wanted to hear different opinions on how cryptocurrency and distributed ledger technology (DLT) should be overseen.
Cryptocurrency companies are more afraid of the existing unclear situation than they are of regulation, as the uncertainty leaves questions as to how the US authorities treat virtual coins and blockchain, several crypto representatives explained.
One of the significant problems is whether cryptos are securities and re...
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