Crypto Roundtable To Discuss Regulation

“Cryptocurrencies are a crock,” according to Rep. Brad Sherman (D-CA).

But today, representatives of cryptocurrency companies and other financial services providers will have a chance to have a seat at the roundtable being held in Washington, DC today to give their opinions on how Congress can regulate the wild west of the initial coin offering and crypto markets.

Many in Congress are skeptical and accuse the industry of rampant fraud on unsuspecting investors in ICOs, as well as giving succor to terrorists who can skirt money laundering laws due to the alleged anonymous transactions that can happen in crypt exchanges.

CNBC reports that a broad swath of the financial services industry is expected to attend the roundtable discussion hosted by Rep. Warren Davidson (R-OH), including Fidelity, State Street, Union Square Ventures, Andreessen Horowitz, the Nasdaq, he U.S. Chamber of Commerce as well as crypto firms Ripple, Coinbase and Circle.

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https://www.cnbc.com/2018/09/24/lawmakers-venture-capitalists-and-crypto-companies-descend-on-on-capitol-hill-to-debate-regulation.html

About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
This entry was posted in accredited investor, Banking, Banks, checkbook, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, FINRA, fraud, Funding Portals, Jobs, Legislative Intent, review, SEC, technology, VC, Venture Capital, Wall Street and tagged , , , , , , , , , , , , , , , . Bookmark the permalink.

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