Today’s U.S. Senate Banking Committee hearing was about oversight of the Securities and Exchange Commission across all its activities. You’d be forgiven for thinking it was a cryptocurrency discussion, with the topic taking up at least a third of the time.
Many of the topics were not new. On the Republican side, Senator Toomey expressed frustration about a lack of public SEC guidance about which cryptocurrencies are considered securities.
“I understand that the SEC’s staff will privately provide feedback and analysis on whether a cryptocurrency is a security. But why is this analysis private?” asked Toomey.
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