At a hearing this week, a congressman suggested that Facebook’s proposed Libra stablecoin should be classified as a security that should be regulated. Such a designation threatens the future of the social media giant’s foray into cryptocurrencies.
Securities and Exchange Commission Chairman Jay Clayton again threw cold water on the idea of listing Bitcoin on an exchange traded fund (ETF) anytime soon.
Securities and Exchange Commission Chairman Jay Clayton said that agency is closer to approving a cryptocurrency ETF that would let retail investors invest in bitcoin through mainstream brokerage accounts.
Presidential Andrew Yang established himself as the blockchain Democrat back in April, when he added a call for clear regulation of cryptocurrencies to his policy proposals months before Facebook’s Libra stablecoin proposal made it a hot topic. Now he wants to bring voting onto the blockchain.