Securities and Exchange Commission Waits to Create Cryptocurrency Regulation

Although Congress ramped up its pressure on the Securities and Exchange Commission with the recent announcement of Facebook’s new cryptocurrency, it appears clear regulations are still far down the line. The SEC’s responses at a recent panel suggest that Facebook’s planned launch of Libra in mid-2020 will not lead to an immediate release of regulations specifically designed to address cryptocurrencies. In June, Facebook announced that it would be getting into the cryptocurrency market with Libra, a digital currency supposedly targeted at the 1.7 billion unbanked…
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