Sheila Bair, former chairperson of the Federal Deposit Insurance Corporation, is open to new rules for digital currency

Sheila Bair, former chairperson of the Federal Deposit Insurance Corporation, is open to new rules for digital currency
фото показано с : bitcoints.com

2018-6-22 02:29

Sheila Bair, a former chairperson of the Federal Deposit Insurance Corporation (FDIC), believes the U.S. should create a wholly new regulatory framework for cryptocurrencies.
She went on to explain:
“We are trying to jam crypto trading into state money transmission laws, it just doesn’t work.
I think at some point, we will need a federal framework to have some type of regulatory oversight of exchanges established to trade crypto assets.
They may also be securities, if there are [initial coin offerings] being used to raise equity, they need to regulate it.”
Bair declared that she “welcome[s] regulation” of the cryptocurrency space, advocating for action that takes place sooner than later.

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