Crypto Regulations ‘Not Close’ US Security Coordinator Says At Conference

A major US government security figure recently stated that regulation of cryptocurrencies by Washington is not “close,” CNBC reports Feb. 16.

In comments which echo those from various US regulatory circles this year, special assistant to the president and White House cybersecurity coordinator Rob Joyce told the Munich Security Conference Friday that plans were still in the “studying” phase.

“I think we’re still absolutely studying and understanding what the good ideas and bad ideas in that space are,” he said on the topic. “So, I don’t think it’s close.”

Bitcoin circles reacted positively to the decision by the US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) to adopt a hands-off approach to crypto regulation going forward.

Statements by chairmen Jay Clayton (SEC) and Christopher Giancarlo (CFTC) earlier in February made clear that foul play involving cryptocurrencies is the authorities’ main preoccupation, while the phenomenon itself would be treated as inherently unwanted…

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