Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
NEW: “SEC's definition of 'cryptocurrency asset' is extremely broad and can be read to include not only blockchain-native assets but also tokenized versions of real-world assets. There must be a clear common definition of crypto assets,” says FDIC Deputy Chair Travis Hill https://t.co/0L7c8pmNnY
🚨NEW(ish): Vice Chairman of the @FDICgov says #tokenization of real world assets will have a transformative impact on the banking system. He says regulators including the @SECGov and the FDIC need to do a better job of providing clarity. “…there are significant downsides to…
Travis Hill, vice chairman of the FDIC, criticized the U.S. banking restrictions on handling digital assets for clients https://t.co/ACCiAosexr
The cryptocurrency industry faces criticism from regulatory authorities like SEC Chair Gary Gensler and FDIC Vice Chairman Travis Hill for fraud, lack of decentralization, and unclear definitions. Hill also criticizes U.S. restrictions on banks handling digital assets, calling for clarity and a common definition of crypto assets.
