The Securities Exchange Commission of the US will host a ‘public forum’ to discuss digital assets like Bitcoin and other cryptocurrencies, and the underlying Distributed Ledger Technology (DLT).
The announcement was made through a press release on 15th March 2019. The public forum will be administered by the agency’s Strategic Hub for Innovation and Financial Technology (FinHub).
The FinHub public forum will be hosted at the SEC Washington DC’s Headquarters on May 31, 2019; the event will be streamed live on the SEC’s official website.
Topics of Discussion
The forum will host major FinTech leaders and people for academia. The goal of the forum is to foster greater communication and understanding around issues involving DLT and digital assets like Bitcoin and other cryptocurrencies.
The Press Release included:
Panelists will explore such topics as initial coin offerings, digital asset platforms, DLT innovations, and how these technologies impact investors and the markets.
SEC has already cleared its stance considerably and put a hold to illegal and unregulated Initial Coin Offerings. In a recent letter addressed to the legislative body, the SEC chairman outlined the updates on the regulatory improvements applied to cryptocurrencies and their approach in the future.
The Bitcoin ETF proposal also rests with the SEC. Hence, their take on DLT and digital assets especially Bitcoin is paramount to the success of DLT and cryptocurrencies. An Exchange Traded Fund licensed by the SEC would open doors for a plethora of derivates contracts and open the floodgates for financial institutions.
Since the US is the largest economy of the world, SEC’s approval or disapproval sets an example for other countries as well, especially the weaker economies.
What other outcomes do you expect from the forum? Please share your views with us.
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Nivesh from Engineering Background is a full-time Crypto Analyst at Coingape. He is an atheist who believes in love and cultural diversity. He believes that Cryptocurrency is a necessity to deter corruption. He holds small amounts of cryptocurrencies. Faith and fear are two sides of the same coin. Follow him on Twitter at @nivishoes or mail him at nivesh(at)coingape.com