US senator demands regulatory clarification on digital currencies

US senator demands regulatory clarification on digital currencies

(CoinDesk) US Senator Tom Carper yesterday called on the Commodity Futures Trading Commission (CFTC) to clarify its position on digital currencies.
Carper is a Delaware Democrat and he currently heads up the Homeland Security and Governmental Affairs Committee.
It should be noted that Delaware is home to many credit card companies
in the US, thanks to business-friendly regulations that have attracted
numerous financial institutions to the state.
According to Bloomberg,
Carper’s staff are already working on a report on digital currencies,
scheduled for release sometime in the spring. Carper’s email to the CFTC
was a response to an earlier letter from former CFTC chair Gary
Gensler. He, in turn, was responding to an inquiry on digital currencies
filed by Senator Tom Coburn of Oklahoma.

The tone of Carper’s email is
interesting: “Given that we read about a new venture in the digital
currency space nearly every day, it is important that our government
agencies respond appropriately and in a timely manner with thoughtful
policy and oversight.”

“Those willing to take risks and play by the rules should have the opportunity to thrive without the fog of uncertainty.”

It appears that Carper isn’t looking for a clampdown on digital currencies – he merely wants to eliminate any ambiguities.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Satoshi
Satoshi

Leave a Comment