U.S. Regulators Outline Approach to Virtual Currencies, ICOs and Distributed Ledger Technologies

In testimony before the U.S. Senate Banking Committee, the two leading U.S. financial regulators struck a measured balance between optimism and caution in relation to the prospects and challenges in the market for virtual currencies. In this much-anticipated hearing, SEC Chair Clayton and CFTC Chair Giancarlo described in detail their regulatory approach to virtual currency, outlined key areas of focus and pledged to collaborate not only with each other but with global financial regulators to p