The Senate Banking Committee today is hosting the head of the SEC and CFTC to discuss cryptocurrency. Since many Senators are disinterested in using email, it’s interesting watching legislators attempt to articulate the benefits, and potential risks, involved with cryptocurrency and blockchain technology.
One particular highlight came when CFTC Chairman Christopher Giancarlo discussed one particular initiative the Federal government is considering in their war on crypto-mania.
According to Mr. Giancarlo mentioned that, according to government reports, a lot of people use public libraries to research crypto. Because of this, the CFTC and CFPB are looking at a program to educate librarians on the “risks” involved with investing in Bitcoin.
It is unclear at this time whether librarians will have to become registered financial advisers, but it is comforting to see that US financial markets are under the watchful eye of regulators who clearly have such a firm grasp on the industries they’re evaluating.
