• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • Bitcoin
    • Binance
    • Ripple
    • Ethereum
    • Cardano
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Cardano Price
    • Binance Coin Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • Bitcoin
    • Binance
    • Ripple
    • Ethereum
    • Cardano
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Cardano Price
    • Binance Coin Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Regulation News

When would the Federal Government’s crypto regulation dilemma end?

Aroosa Nadeem by Aroosa Nadeem
Dec 16, 2018 10:12 pm
in Regulation News
2 min read
us government crypto regulation dilemma

us government crypto regulation dilemma

585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

Crypto legislation has long faced ignorance in the federal sector, however, most recently the competition between states for “the most crypto friendly state” has sparked new life in the debate in terms of its regulatory changes.

It all began when Warren Davidson of Ohio, a non-formal member of the Congressional Blockchain Caucus spoke at the Blockland Solutions Conference in Cleveland. He proposed a bipartisan bill to enable a new asset class for tokens which enables the federal sector to regulate ICOs (Initial Coin Offerings) more proficiently. A week later at an interview, he also suggested that the wall between Mexico and America could be crowd-financed through “wall coins”.

Other than that not only the investors of cryptocurrencies but the academics are now taking a hit at the poor state of federal policies with regards to regulation of Crypto in their comments. According to an article in the Journal of Financial Transformation, Law School Professor Carol Goforth insists that the four distinct federal officials, that supervise various factors of these digital assets, have each a different image of their understanding. As the CFTC understands Crypto as commodities, the FinCEN applies on them currency rules, the SEC treats them as securities and the IRS insists they are digital money.

RelatedPosts

Turkey central bank sets to ban payment in cryptocurrency

IRS to monitor crypto transactions with AI and machine learning

Digital Yuan tests: China and Hong Kong test cross-border digital Yuan

CBDC adoption: US, EU financial regulators meet to discuss stablecoins and CBDCs

According to Prof. Goforth, the solution to this confusion is to treat such assets according to their functionality and user motivation. Finally, on Dec 11th the CFTC issued a public request for comments on how Ether and Ethereum operate. This will initiate admissible items to Etherum’s adaptability, security, and mechanism.

While in the administration the financial officials are taking slow steps towards handling the domain of digital assets. It started when the FDA was investigating the E. coli linked with romaine lettuce from a farm in California that took the authorities a while to trace.

The DHS also took an interest in the potential of privacy coins that helped criminals escape the equivalent level of audit available for Bitcoin. Meanwhile, in the defense field, the AFIT has launched an app to train members to run Blockchain administrated supply chain solutions. But all to no real solution that would put crypto users at ease.

Aroosa Nadeem

Aroosa Nadeem

A media graduate and passionate media person Aroosa has a knack for digital media journalism and outreach. She has contributed content to different digital media publishers in a variety of areas including technology, health and finance.

Related Posts

Turkey central bank sets to ban payment in cryptocurrency
Regulation News

Turkey central bank sets to ban payment in cryptocurrency

2021-04-16 13:44 pm
IRS to monitor crypto transactions with AI and machine learning 1
Regulation News

IRS to monitor crypto transactions with AI and machine learning

2021-04-06 11:56 am
Digital Yuan
Regulation News

Digital Yuan tests: China and Hong Kong test cross-border digital Yuan

2021-04-01 18:58 pm
cbdc
Regulation News

CBDC adoption: US, EU financial regulators meet to discuss stablecoins and CBDCs

2021-03-30 16:51 pm
Crypto ban
Regulation News

Crypto ban is like rejecting the U.S. Dollar – Indian entrepreneur

2021-03-25 12:33 pm
Global regulator
Regulation News

Global regulator calls for more regulation for crypto

2021-03-24 16:39 pm

Follow Us

  • 51k Fans
  • 8.3k Followers

Popular News

  • Ripple price prediction XRP blasts past $1.8392 as bulls relentlessly pursue $2.0

    Ripple price prediction: XRP blasts past $1.8392 as bulls relentlessly pursue $2.0

    1315 shares
    Share 526 Tweet 329
  • DOGE Price Prediction: Dogecoin to the moon, to hit its $0.2 target after safeguarding support

    1299 shares
    Share 520 Tweet 325
  • Cardano price prediction: ADA fails to break above $1.50, what’s next?

    1255 shares
    Share 502 Tweet 314
  • XRP Price Prediction 2021, 2023, 2025, 2030

    1137 shares
    Share 455 Tweet 284
  • Dent Token Prediction for 2021 – 2025

    1031 shares
    Share 412 Tweet 257

Latest News

Polkadot price

Polkadot price prediction: DOT breaks above $44, gears up for $50 next

April 17, 2021
Airbnb CEO congratulates former employee Brian Armstrong on Coinbase success

Airbnb CEO congratulates former employee Brian Armstrong on Coinbase success

April 17, 2021
Chainlink price

Chainlink price prediction: LINK to retest $40.0 support

April 17, 2021
Ripple price

Ripple price prediction: XRP ready to make a breakout above the $1.750 mark

April 17, 2021
Crypto Awards: People's Choice. Best of the Best 2

Crypto Awards: People’s Choice. Best of the Best

April 17, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News

Binance News
Ripple News
Cardano News

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker
Sitemap

Exclusive Partners of

Footer 3

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2021 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Binance
    • Ripple
    • Ethereum
    • Cardano
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Cardano Price
    • Binance Coin Price
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.