SEC Chief: You’re ‘Sorely Mistaken’ if You Think Bitcoin’s All Grown Up

U.S. Securities and Exchange Chairman Jay Clayton just delivered a rebuke to cryptocurrency backers, alleging that Bitcoin is unlikely to trade on a major US exchange until it’s much better regulated. Crypto’s Not Ready for Prime-Time The chairman of the independent agency of the United States federal government stated in his opening speech at Delivering…

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Facebook Was Wooing Regulators Before Controversial Libra Reveal

Facebook sat down with the United Kingdom’s finance ministry, the central bank, and other regulatory officials in what was presumably a pre-emptive move to win favor before announcing its own self-titled cryptocurrency, Libra. This new revelation comes from Reuters, which received the details from freedom of information requests and claims that the responses illustrate an…

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