- Testifying before Congress, SEC Chair Jay Clayton draws a line between Bitcoin and ICOs. While neither the SEC nor the CFTC have jurisdiction over "true cryptocurrencies," says Clayton, ICOs should be regulated as the securities offerings they are.
- CFTC Chairman J. Christopher Giancarlo is sounding a bit like a hodler, telling legislators, "It's important to remember that if there was no bitcoin, there would be no blockchain or distributed ledger technology."
- More: "I'm no pie-in-the-sky dreamer, but the applications range from enormous potential in financial services ... down to the way charity dollars are spent."
- Tumbling below $6K at one point this morning, Bitcoin at the moment is up 2.1% to $7,084.
- Related tickers: OTCQX:GBTC, COIN, RIOT, OSTK, SSC, MARA, UEPS, OTC:BITCF, XNET, GROW, OTCPK:BTSC, OTCQB:BTCS, OTCQB:MGTI, OTCPK:BTLLF SRAX, OTCPK:GAHC, OTC:ARSC, OTCPK:USTC, OTCPK:BLKCF, COINB, LFIN
- Now read: Learning From Bitcoin's Collapse
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