The United States continues to adjust its legal parameters against cryptographic currencies. Today the Financial Services Committee of the House of Representatives will hold a meeting to discuss and examine the market for cryptocurrencies and Initial Currency Offers (ICO).
The notification notes that the MAIN Capital, Securities and Investment Subcommittee scheduled the meeting for March 14 in room 2128 of the Rayburn house office building, specifically at 10 o'clock in the morning.
In this activity will be present four financial specialists, among which Chris Brummer, professor of Law at the Law Center of Georgetown University; Mike Lempres, Coinbase's legal and risk director, and Peter Van Valkenburgh, research director of the Coin Center.
At this meeting, a general description will be made on the operation and characteristics of cryptographic currencies and ICOs. A discussion that occurs because these digital markets have an increasing impact on the US economy, attracting the attention of investors and companies seeking new capital.
In this sense, the authorities will examine the economic efficiency of these digital currencies and the possible opportunities they have to generate capital. In addition, the committee will review the current laws applicable to cryptocurrencies and the way in which compliance with them is applied, all with the aim of safeguarding the investors' savings against any eventuality.
Likewise, the financial institution will review the regulatory approach that certain regulatory authorities have to control these markets, as is the case of the Securities and Exchange Commission of the United States (SEC), which has been highly involved in the regulation of cryptocurrencies.
In addition, the audience will consider current regulatory approaches that regulators, such as the Securities and Exchange Commission, are using to monitor and monitor cryptocurrencies and ICO, as well as achieve greater control and clarity in these markets.
The United States is one of the countries that has generated most controversy with the cryptographic currencies, with an increasingly developed and solid market. In this sense, the financial regulatory authorities have been aware of these digital currencies with a view to controlling their market. For example, SEC has alerted US citizens to a group of illegal cryptographic currency trading platforms.
In addition, the Bailiffs Corp will auction 2,170 BTC to investors residing in the United States, activities that are in line with the activation of the app to invest in digital securities markets in five jurisdictions of the country and the realization of the first major donation of the political history of the nation.