In February 6, 2018 An open hearing before the Senate (Banking, Housing and Home Affairs) committees in the US Senate
For: Virtual currencies in the presence of the President of the SEC and the President of the CFTC
Summary of Testimony Today: Legislators in America are optimistic about the future of # numeral currencies
This is a green sign that reverses the movements of global banks, which fear that their currency, their market share and customers will be afraid of them, "and this will cause them panic and fear" (so they will continue to stymie them)
A member of Congress says: "It's difficult to separate #coded currencies from #blocchin
The market capitalization of the two currencies is expected to rise to $ 20 trillion after 2020
The SEC chairman is now talking about $ 700 billion in market value for coded currencies earlier this year
He says the total initial offering in 2017 was 4 billion
He talks about the value of the technology of the economy and the added value of this technology to the economy
He is now talking about trading and platforms for coded currencies and is necessary to protect the spreaders
It talks about the initial offering in encrypted currencies
He explains to the Congress about the functions of these assets as investment tools and shows his willingness to receive questions from the Commission
The Congressional Committee and the Chairman of the SEC + CFTC acknowledge that there is a potential for legislation on the CCC, and the President of the SEC believes that it will be legislated and other financial assets
An important question from Congress about the arbitrage strategy and what is the opinion of the regulators in America
Which is widely used in North Korea and China
Response: Lack of legislation and lack of maturity of the market # Numerical currencies is the cause of this variance of the prices of the # currencies .
Question from Congress: US regulators are not afraid of fraud and fraud in the # numeral currencies.
Answer: - There are two processes of fraud and fraud in most financial instruments (stocks, commodities, etc.) regulatory bodies are working to prevent them in all markets .