Published On: Tue, Feb 6th, 2018

The Chairman Of The CFTC Might Just Have Brought The Bitcoin Crash To An End

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The CFTC Chairman just told the Senate Banking Committee he wants to respect the new generation in his approach to blockchain and crypto regulation.
On January 6, 2018, the chairman of the U.S. Commodity Futures Trading Commission (CFTC), J. Christopher Giancarlo, sat in front of the Senate Banking Committee and presented testimony on cryptocurrency and blockchain regulation.
This is actually testimony that was published in written format yesterday (and that’s available here, for anyone that wants to take a look) but the real coverage is hitting press today and, in turn, the real impact that this hearing and testimony is going to have on the cryptocurrency markets is likely to present itself during the late session on Tuesday.
You can watch the full hearing session below. The actual session begins at about the 18:35 mark.

A Potential Turnaround Catalyst
First up, it’s worth noting that the markets (and, indeed, the financial world) are watching Giancarlo closely to try and gain insight into how US policymakers are set to approach this side of the cryptocurrency space.
For anyone that’s familiar with the more traditional financial and economic policymaking world, this event is akin to a Yellen speech …

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