SEC to Hold Fintech Forum, Where They Will Discuss The Regulation of Cryptocurrency

On May 31, the The Securities and Exchange Commission (SEC) will hold public forum focusing on distributed ledger technology (DLT) and digital assets. They will discuss issues related to the blockchain technology and cryptocurrency on the event.

The forum will be organized by the Strategic Hub for Innovation and Financial Technology (FinHub), which was established in 2018. The meeting will be attended by scientists and representatives of the crypto industry.

There are three main topics on the agenda:

  • Initial Coin Offer (ICO);
  • cryptocurrency platforms;
  • innovation in distributed database technology.

According to SEC management, the forum will help to establish interaction between commercial enterprises and government bodies. Special attention will be paid to the influence of technology on the financial market and investors.

Representatives of Deloitte and Ernst & Young auditing companies, as well as employees of IBM and Fidelity financial holding company, will speak at the event. They will discuss ways to integrate digital assets into the traditional financial sector, trading virtual currencies and cryptocurrency investment management methods.

According to analysts, the upcoming forum will determine the future of the crypto industry in the United States. Supporters of digital assets are hoping that the SEC will ease policy on virtual currencies and recognize the high potential of stablecoins. However, there are concerns that the event will focus mainly on regulating the industry, and its results will lead to the introduction of new restrictions.

We remind you:

SEC Ordered two ETFs to Exclude the Term “Blockchain” From the Titles

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