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Where US Regulators Stand on Crypto Assets

16 Oct Where US Regulators Stand on Crypto Assets

Posted at 16:44h in Bitcoin News by

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Where US Regulators Stand on Crypto Assets

The U.S. has many regulators responsible for overseeing different aspects of crypto assets, each with its own stance on how they should be regulated. Major regulators in the U.S. with strong opinions on cryptocurrency include the SEC, the CFTC, the Federal Reserve, Fincen, and the IRS.

Also read: Tax Guide: What Crypto Owners Should Know

The Securities and Exchange Commission

The Securities and Exchange Commission (SEC) has statutory authority over crypto assets that are deemed “security,” with its oversight extending to the offer, sale and trading in those assets. A number of companies have tried to obtain the agency’s approval for bitcoin exchange-traded funds (ETFs), but all proposals have been rejected so far.

Where US Regulators Stand on Crypto Assets

SEC Chairman Jay Clayton said in an interview last month that the commission is closer to approving a bitcoin ETF than it was before. However, he added that “there’s work left to be done,” raising a number of questions he needed…

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