NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: FTX Recovery Trust Set To Disburse $1.6 Billion By Month-End, FTT Price Skyrockets
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: FTX Recovery Trust Set To Disburse $1.6 Billion By Month-End, FTT Price Skyrockets

Crypto: CFTC Chairman Wants US to Lead Regulation, What Does This Mean?

Thomas Delahunty
Thomas Delahunty
1 year ago
3 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The last few years have seen national governments and central banks grappling with how to regulate the crypto-sphere. The US is no exception, but the Commodity Futures Trading Commission (CFTC) is one federal agency that is more supportive of the industry’s growth.

This bullish view was reinforced by CFTC Chairman Heath Tarbert in statements made surrounding sensible regulation to promote growth, and his vision that sees the US as the global leader in the blockchain and crypto industries.

CFTC Bullish on Crypto

While the US Securities and Exchange Commission (SEC) maintains a conservative approach to cryptocurrencies, the CFTC has been more constructive with regards to the coins. Recently, they announced their stance that Ether (ETH) is a commodity, opening up the floor for a plethora of newly regulated derivatives products on platforms like the CBOE.

While delivering a speech at Harvard Kennedy School this week, Tarbert highlighted the agency’s the prevailing regulatory approach on crypto-assets.

Some financial officials around the world have been hostile towards Bitcoin, but Tarbert wants to see the cryptocurrency thrive. Reasons for CFTC regulation, then, are to ensure that Bitcoin and other cryptocurrencies can continue to grow.

He discussed how his team is focusing on two of the key issues surrounding cryptocurrency regulation, anti-money laundering and counterterrorism financing.

“By and large, the two major problems, thus far, with the vast majority of crypto – or I should say ‘issues’ – are, number one, anti-money laundering and counter terrorist financing. So these are things that could, if done wrongly, subvert our AML/CTF.”

crypto, CFTC
CFTC Chairman Heath Tarbert; (Source: Wikimedia Commons)

Crypto and Innovation

In October, at the Yahoo! Finance All Markets Summit in New York City, Tarbert participated in a wide-ranging interview on crypto regulation and other CFTC agenda items.

When asked why government officials in Washington were recently up in arms about Facebook’s Libra but not Bitcoin, Tarbert said that Bitcoin has been around for ten years and it’s fully understood how it works; by contrast, Libra is still developing, with a lot of unanswered questions about its overall structure.

He also noted that Bitcoin could break out if governments begin accepting the coin as a legitimate payment option; the state of Ohio was the first US state to accept BTC for tax payments, but has since discontinued the program following the election of a new treasurer. 

US to Lead Fintech?

As for implications for the crypto industry, one thing Tarbert focused on was in relation to the US leading global fintech innovation.

He stressed “the importance of blockchain and digital assets to the United States, and in particular as CFTC Chairman, I want the U.S. to lead in this technology.”

He continued, saying that he wants the US to take the lead because whoever leads in this technology is going to “end up writing the rules of the game.”

Tarbert has reason for his concern. In August, the governor of the Bank of England, Mark Carney, gave a speech at a gathering of bankers where he discussed how a cryptocurrency could impact the current dominance that the US dollar enjoys:

“[A crypto currency] could dampen the domineering influence of the U.S. dollar on global trade,” Carney said. Adding, “the dollar’s influence on global financial conditions could similarly decline if a financial architecture developed around the new [crypto currency] and it displaced the dollar’s dominance in credit markets.”

Featured Image from Shutterstock
Tweet123Share217ShareSend
Thomas Delahunty
Thomas Delahunty

Thomas Delahunty

I’m Thomas J. Delahunty, born in Lancashire, England, but raised and currently residing in Columbus, Ohio where I attended The Ohio State University studying English and History.

Read more

After writing in the Fintech and Forex spaces, I began to focus on blockchain and cryptocurrencies — Bitcoin in particular — in 2016.

Aside from being part of NewsBTC’s journalism team, I am a writer and analyst for Ohio State’s Risk Institute at the Fisher College of Business, and run operations for two local, independent online businesses.

Close

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin price news

Expert Who Nailed The 2024 Bitcoin Top Issues New Call For $208,000 BTC

CryptoQuant chief executive Ki Young Ju has revived a cycle-top debate with a fresh model-based call that puts Bitcoin’s upper...

Jake Simmons 3 hours ago
Ethereum

Institutional Ethereum Staking On The Horizon As Grayscale Prepares Move — Details

Institutional staking may soon receive a significant boost as reports emerge that Grayscale is preparing to stake its substantial Ethereum...

Godspower Owie 4 hours ago
Ethereum

Ethereum Price Will Still Climb Above $5,000 As Long As It Holds This Level

The Ethereum price has spent the past weeks stuck in a wide consolidation zone, testing bullish momentum as analysts anticipate...

Scott Matherson 5 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin Exchange Supply Ratio Declines After Fed Cut, Setting Stage For $120,000 Test

Ash Tiwari 27 minutes ago
circle-deploys-usdc-hyperliquid-next-wave-of-crypto-investment-tw

Circle選擇部署USDC穩定幣生態:以HyperLiquid為核心的加密投資浪潮

Peter Chow 1 hour ago
Bitcoin Cash

Bitcoin Cash (BCH) Plunges 6.7% As Social Media Shows Overhype

Keshav Verma 2 hours ago

Premium Sponsors

Press Releases

  • ドージコイン 今後 の価格予測:ETF発足で新たな成長ステージへ

    ドージコイン 今後...

    13 hours ago
  • リップル 今後の価格予測:現物ETF効果で4ドル到達を狙うXRP

    リップル...

    13 hours ago
  • 仮想通貨プレセール:専門家が次の有望ミームコイン候補を予測

    ...

    13 hours ago
  • 仮想通貨おすすめ:次のブルランでシバイヌを超える成長候補の4トークン

    ...

    14 hours ago
  • 新しい仮想通貨トレーディングボット、エコシステム大型アップグレード前にICOで400万ドル突破目前

    ...

    14 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.