The U. s. House Financial Services Committee, led by congresswoman Maxine Waters, to meet next week with the u.s. Securities and Exchange Commission (“SEC”) on cryptocurrency and Facebooks Balance.
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Computer, mom is also available
The commission shall, on the 24th of september, in a hearing with the SEC chairman, Jay Clayton, and four non – executive directors * Robert Jackson, Elad Roisman, Allison, Lee, and Hester Pierce. The latter you know. They are mostly positive about the cryptocurrency, and will also be loving, crypto-mom-called.
And who can be a member of congress Maxine Waters and remember:
Rules are important
The topics that will be discussed during the hearing of its cryptocurrency, the private markets versus public markets, among other things, enforcement and the role of the fiat currency.
It looks like the focus will be on rules and regulations. Think about how to deal with regulatory requirements around the security of s and whether or not this is applicable to cryptocurrency.
In the memo, The federal securities laws apply to securities, including stocks and shares, bonds and debentures, and investment contracts, regardless of whether or not it is in digital form.
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Balance is not good
There is also a section of the memo dedicated to the man who belongs to Libra: Libra Investment, the Token could be a security (the security), as it was meant to be for investors, are sold to the start-up costs related to the fund, and those dividends are to be achieved.
The Balance token can be a single security, but Facebook has no intention of a dividend payment, and it is unclear whether or not the investors have a reasonable expectation of winning would be to have it. The range of the Balance may, however, be integrated with the offering of the Balance of Investment Expenses) Then it would be seen as an effect.
Also, a comparison is drawn with the ETF’s, exchange traded funds, such as ETF’s, it would Balance out by authorized merchants, may be redeemed and, in the open market to be bought and sold.
The hearing will be held on the 24th of september, and you can follow it.
In asia, not in America
Crypto-Mom Hester Peirce, it was this summer in Singapore on a conference call. She went home with two main conclusions. The first of these is that almost all of the innovation in the field of cryptocurrency is taking place in Asia. All expected that the united states is behind is going to run.
In addition, she found that many of the companies are in America and want to settle down, but the fact that they this will not happen, because there is still a lack of clarity about how the US is willing to deal with the cryptocurrency.
The hearing on next Tuesday, will be for her if called upon.