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This is cute. The US Commodity and Raw Materials Trade Commission, quite seriously, wants to understand how Ethereum works, presumably so that it can continue to regulate it in oblivion. The 25 questions you want to answer (detailed in a formal "Request for input") may have been raised by the Q & A segment of any blockchain conference on this side of North Korea: the Commission wants to learn about technology, governance, scalability, computer security, custody and why the game test has not yet happened.
All this, it seems, so that the CFTC can "continue the Commission's mission to ensure the integrity of derivatives markets and monitor and reduce systemic risk by improving legal certainty in the markets". answers! Although the Commission regrets offering this option when Vitalik Buterin stands up to talk about seven-hour use cases.
Mt. Gox's founder could face ten years in prison
According to reports, Japanese prosecutors are trying to impose a ten-year prison sentence on Mark Karpeles, the former founder of the now-defunct crypto exchange. Gox. Before the exchange was stolen by 850,000 bitcoins in 2014, Karpeles would have stolen $ 3 million of customer funds for itself, using them to invest in a technology startup. Karpeles was also accused of having trafficked the Mount. Gox orders books and "totally destroys the trust" of its customers.
However, he pleaded not guilty. And he apologized.
The head of the SEC says nicer things about ETFs!
SEC President Jay Clayton, standing before the US Senate Committee on Banking, Housing and Urban Affairs, said all this:
"The Commission and its staff have focused considerable attention and resources on digital resources and initial coin offerings (ICOs). I am optimistic that developments in computerized accounting technology can help facilitate capital formation, offering promising investment opportunities for both institutional and Main Street investors. Overall, I think we took a balanced regulatory approach that both promote innovation and protect investors ".
Clayton, of course, is probably the busiest man on Earth to destroy the hopes of issuers of chip sales under the radar, as well as the dreams of the zealots of the ETF who are praying for an influx of that institutional money. So if he is "optimistic" about distributed register technologies (yes, probably means Wall Street-grade, manage permissions blockchains that have nothing to do with the blockchain), is that, dare we say, bullish? Do not mention it on this, Bitcoin.com and CryptoGlobe.
Another politician pretends to know what the blockchain is
The unpredictable British parliamentary Eddie Hughes is again present evangelizing the cause for "blockchain". In an interview with The Daily Express, Hughes suggested that UK residents should have the option to pay city taxes and "other bills" with bitcoins. He has displaced us with his technical acumen, Hughes added that "cryptocurrency", as in all tokens? A particular token? "" It must appear as an app that people will use so that they can familiarize themselves with it safely and securely. "
What happens to politicians who get on the scrambled bandwagon? This is the MP, for those who do not know it, who asked for a "blockchain for Bloxwich" [a British town in his constituency]"Because, um, it sounded better than a" blockchain for Walsall North [another town in his constituency]. "(Credit to FT.) Instead, what about a blockchain for Eddie Hughes, so you can learn what the term means? Let's do a whisk and let's get one for Christmas.
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