The Commission on securities and exchange Commission (SEC) received a letter from several leaders of the cryptocurrency and traditional areas with a more responsible take on the management of certain companies whose activities are connected with virtual currencies. Among the signatories was noted by Bitcoin Core developer Brian Bishop, former managing Director of Morgan Stanley's Caitlin long, the developer solutions in the field of e-Commerce Christopher Allen, head of the blockchain-division of Ernst&Young Angus de of Gresini and lawyer Gavin Fieri.
Experts are concerned about the upcoming trading platform Bakkt, which runs the new York stock exchange Intercontinental Exchange. According to them, the company is uncontrolled can establish measures against cryptocurrency, which will not allow to reveal potential of the technology.
Bishop said, bitcoin is a complex system with a large number of centers of attention. And control technology is not politics, but technological, mathematical, and cryptographic leverage. Therefore, the Agency, in the establishment of a regulatory framework for the industry, is to cooperate directly with developers of cryptocurrency, he said.
The letter says that the use of traditional measures against cryptocurrency on the platform Bakkt may adversely affect the safety of the investors. The experts insist on the introduction of restrictions on the part of the centralization of digital assets. They also recommend to pay attention that mixing bitcoin in the same account will trigger a hacking activity.
The initiators noted that the SEC also needs to link together the developers of new standards for custodial services already working in the cryptocurrency market experts on smart contracts, cryptomeria and companies.
The initiative to regulate the cryptocurrency sphere was also made by Republican Congressman Tom Emmer. He intends to introduce the American Parliament three bills designed to ensure the development of cryptocurrency and the blockchain industry.
According to his idea, the new rules can provide the basis for the development of digital financial technology. In particular, ensure the loyalty of holders of digital tokens generated as a result of changes to the Protocol work better known cryptocurrencies. He proposes to exempt from taxation such investors until the appropriate reporting form, which must be kept.
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