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CFTC forming commitees on Distributed Ledger and Cryptocurrencies by blockchaindaily

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· @blockchaindaily · (edited)
$149.05
CFTC forming commitees on Distributed Ledger and Cryptocurrencies
![Capitol Hill.jpg](https://steemitimages.com/DQmVzjxksr7JbvkZeapt7UgjwifFduk7vM85xDQ437jxyJW/Capitol%20Hill.jpg)
The Commodity Futures Trading Commission (CFTC)'s Technology Advisory Committee met once again on Wednesday to discuss issues surrounding Cryptocurrency, ICO's, and regulation of Blockchain technology.

As planned, the meeting consisted of influential policy makers and leaders from both the public and private sector.
Topics discussed included issues related to markets and challenges around oversight  coupled with banter regarding the regulation of new technologies and the role of regulators as it relates to intervention into  the development of said Blockchain technologies.

This was the scary part. 

The GOOD news is....

It seems that a government appointed regulator finally seems to have some sense.....

Brian Quintenz was quoted as saying: "The CFTC should not attempt to make value judgments about which new products are worthwhile and which are not – the markets, investors, and consumers need to decide that for themselves."

Fortunately, based on this statement it can be concluded tht the CFTC will focus their enforcement and regulatory energies on issues including but not limited to: registration of ICO's, compliance with KYC and applicable AML laws, as well as Investor protection efforts focused on scams and fraudulent projects.

It's refreshing to think  that they will opt to leave some degree of caveat emptor embedded into the dynamic of Cryptocurrency markets by choosing to focus government oversight efforts on legal issues rather than trying to be some sort of  Blockchain investment committee. Quintenz urged investors to do their homework. Good Advice.

In other BIG NEWS... The committee approved the creation of two subcommittees, with one devoted to Cryptocurrencies and the other devoted to understanding the broader application of distributed ledgers..more specifically their use in the the financial services space.

It would seem that as planned, Congress will give Financial Industry Regulators carte-blanche to extend their long arm into the realm of Cryptocurrency and Blockchain technology. As such, I expect investor confidence to improve, and mainstream adoption to follow as a result.

I do believe whole-heartedly that the FUD will get worse before it gets better, however I believe that recent developments related to the CFTC oversight in Cryptocurrency will be viewed as positive by the market as a whole. If nothing else it will be confidence inspiring to no-coiners interested in gaining exposure to the space.

Government intervention in anything is rarely cause for celebration...nevertheless I think this one will help us drive higher. #HODL
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 17 others
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vote details (81)
@aqeelshehzad ·
it is more to state that great data, it proceeds with great commitments
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@bitgeek ·
comment
Congratulations @blockchaindaily, this post is the third most rewarded post (based on pending payouts) in the last 12 hours written by a User account holder (accounts that hold between 0.1 and 1.0 Mega Vests). The total number of posts by User account holders during this period was 2940 and the total pending payments to posts in this category was $11708.40. To see the full list of highest paid posts across all accounts categories, [click here](www.steemit.com/steemit/@bitgeek/payout-stats-report-for-15th-february-2018--part-ii). 

If you do not wish to receive these messages in future, please reply stop to this comment.
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@cryptomaker ·
$0.61
thats great
👍  
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vote details (1)
@furkanbahat ·
very grateful congratulations
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@ilhamdhia ·
I wait for the good news, hopefully I am one of the lucky ones
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@isaacguerrero ·
it is more to say that good information, it continues with good contributions :)
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@jfbl1984 ·
Very interesting!, thanks!
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@jhonysins ·
Really great news  nice post thanks for sharing sir...resteemed
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@karlpaap ·
very very good news
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@kevincox · (edited)
$0.79
Cryptocurrencies put governments in such hilarious binds. They can’t try to discredit crypto because when it compares to the government/banking model we currently have set up on a global scale, the results are completely night and day. Also, they can never ever regulate crypto itself. As long as, in particular, the US government continues to not just inflate, but attempt to murder the US Dollar, Crypto will always have value in its storability, because when done so correctly, the government will never be able to stop you from converting money into crypto, nor will they ever be able to touch your crypto. Oh and it’s highly transferable to anyone you want on an anonymous level? Yeah, that’s gonna have some value, friends.
👍  
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@battlebots ·
<h3>INFORMING THE MASSES - A short list of some of the abuses against @Noganoo by Satanic whales on Steemit.<h3>

<h3>For those of you who are unaware @Noganoo was sexually abused when he was 5 years old.   Bernie Sanders learned this from Fyrstikken whom Noganoo trusted and confided in and then was betrayed and slandered by Fyrstikken whom Noganoo brought to Steemit.   Noganoo only requested that Fyrstikken send back the 10 Bitcoins he stole from SatoshiHorizon through his “altcoin investment fund.” Noganoo stood up against Bernie's flag abuse towards SeaBlue which caused the war that you are seeing today.   Bernie swore to destroy Noganoo because Noganoo defended the helpless minnows on Steemit.   Below are just a few of the terrible insults they have spoken against this Christian man.   Please visit @Noganoo's blog and support and encourage him through these demonic attacks as his old friends have forsaken him.   Not only do these people verbally attack Noganoo but they antagonize him until he responds in anger, then they sent the FBI to his house for "threatening."   Noganoo has requested to all of the whales on steemit directly for them to speak to these 2 fraudsters and tell them to stop.   Not a word was said in one year and now he is resorting to further action.   The abuse will stop.   If you have any information as to the identity or whereabouts of BernieSanders or Pfunk please contact abuse@steem.in.   There is a substantial reward and you can remain anonymous.   Noganoo is unable to file a restraining order against these 2 until he finds their identity.   BernieSanders is a pedophile and should not be rewarded with upvotes on Steemit.</h3>

<h3>First of all let's go back to before this all started.   Noganoo was investigating the fraud and theft of 10s of millions of dollars of rewards by Donkeypong, Gavvet, Sauravrungta, HanshotFirst, Kevinwong, The-Alien, JrCornel, Sweetsssj and Knozaki2015 with their organization called "SteemGuild" where they used the Steemit Co-founder Ned's account to vote for themselves instead of the "minnows" they claimed to be supporting.   Go look at all of their current account values and you can see that over 1 year ago Noganoo was right! They paid themselves multi-millions for only a couple months of curating on Steemit. Something the rest of us do for free.   You can see that these people and their friends are the only people who have ever attacked Noganoo.   They are trying to cover up their theft.   If you go back on the blockchain you can see Noganoo's accounts previously supported most of these authors with his thousand bot voters early on in the platforms launch.   https://steemd.com/@sweet-banana?page=17     Then Noganoo called out The-Alien for his common use of the word "Motherfucker" in his fiction stories that were upvoted by their "Steemguild" to number one on trending every day to "raise money for the guild."   Fact is they stole millions of dollars.   This rebuke prevented Noganoo from ever getting an upvote from that guild which controlled over 30% of the voting power on Steemit at the time.</h3>

![2017-03-10 08_06_14-(•) Steemit Chat (1).png](https://steemitimages.com/DQmQtwzEiYJXjGkzJvwBSCwPEzt2gXw45CRDZmtfRQk7Bbo/2017-03-10%2008_06_14-(%E2%80%A2)%20Steemit%20Chat%20(1).png)

<h3>Sorry, I should have said "Go fuck your cousin." (again)</h3>
![2018-02-01 13_40_22-.png](https://steemitimages.com/DQmW8Ny1uzFBKuyv9JWmgjZMy6A93WssJwchCUZjDw2Dqik/2018-02-01%2013_40_22-.png)

<h3>Here is Pfunk attacking Noganoo's girlfriend.</h3>
![pfunk.png](https://steemitimages.com/DQmVDG769WQjKenrEwVJpYeKvsw5QewWWbd2x1F9LJw2Khx/pfunk.png)

<h3>Here Bernie tries to twist the truth and calls him an "incestuous criminal."   Bernie is trying to convince the unknowing public that Noganoo is a sex criminal.</h3>
![2018-02-01 13_30_07-.png](https://steemitimages.com/DQmNV8mHo9EfCtTXv69ZvpT9bHhPuuZ2DWjVaxUZyM8C1tm/2018-02-01%2013_30_07-.png)

<h3>I'll save you a spot beside me in hell to torment you with incestuous dick art for all eternity.</h3>
![2017-09-07 06_51_29-.png](https://steemitimages.com/DQmQGzQqjbVJyYUgM6kUHmvmPR7yq39zDySGtdVWZL5mqSG/2017-09-07%2006_51_29-.png)

<h3>I'm pretty sure (noganoo) was molested by somone in the church.</h3>
![2017-03-17 18_19_18-(•) Steemit Chat.png](https://steemitimages.com/DQmck7wTfQnapFFSHXvAcpboaRM35pCKfrmiWCJQyK9Z98G/2017-03-17%2018_19_18-(%E2%80%A2)%20Steemit%20Chat.png)

<h3>Incestuous Scumbag, I bet the abuse never even happened and you are trying to gain sympathy</h3>
![2017-05-17 06_46_18-Noganoo - Hero_ Victim_ Menace_ And what about you_ — Steemit.png](https://steemitimages.com/DQmX4koQufBEDU8KVd7jxQv61PCQc9NSrwEhSgEjWDXkkfD/2017-05-17%2006_46_18-Noganoo%20-%20Hero_%20Victim_%20Menace_%20And%20what%20about%20you_%20%E2%80%94%20Steemit.png)

![2017-06-21 16_57_34-2017-06-21 16_47_08-Replies to nOgAnOo (@noganoo) — Steemit - Windows Photo View.png](https://steemitimages.com/DQmY2Ybr6qsu7Jj7QfrEmtxkpWoTSUTJNUVWgkBnrViPT5d/2017-06-21%2016_57_34-2017-06-21%2016_47_08-Replies%20to%20nOgAnOo%20(%40noganoo)%20%E2%80%94%20Steemit%20-%20Windows%20Photo%20View.png)

<h3>Here is Pfunk 2 years ago violently attacking an article Noganoo wrote about Christianity,   Pfunk at the time had no idea Noganoo wrote this!   Pfunk is a hater of true Christians but aligns himself with the fake Christians so he can get more witness votes and doesn't lose support.   Pfunk proceeded to individually message everyone that upvoted Noganoo and slander him and threaten them with loss of support if they continue to upvote his articles.   Pfunk, Berniesanders and Ausbitbank costed Noganoo over 50,000 dollars in losses last year.   Ausbitbank attacked Noganoo to impress his witness friends when Noganoo is the one who brought him to Steemit.   He brought Noganoo’s reputation from 68 down to zero with stolen Steempower provided by JamesC</h3>
![2018-02-14 03_25_39-.png](https://steemitimages.com/DQmcnMRJYRg1kwRU536ZfJ8fmjg17nUMcZr7XqWgUMAhk3Q/2018-02-14%2003_25_39-.png)

<h3>The light shines in the darkness, and the darkness has not overcome it. - John 1:5</h3>
👎  
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vote details (1)
@iflagtrash ·
Lick on deez ballz @noganoo!! <p>![image](https://i.imgur.com/zKUFA2q.png)
👎  
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vote details (1)
@kosong0 ·
Good news,
hopefully this news makes all cryptocurrency to the moon
👍  
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vote details (1)
@nevadageorge ·
I believe the Gov is dazed and confused.
CFTC  considers crypto a commodity.
SEC  thinks it should be classified as a security.
IRS  wants to tax it as an asset (property)
It seems that they all have a commonality of purpose... that being... to stick their greedy fingers into the pie.
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@pakgmia03 ·
Beautiful post.
👍  
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vote details (1)
@practicalthought ·
>compliance with KYC and applicable AML laws

The sooner the better so banks will quit closing accounts just because someone decided to sell off a part of their investment.
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@reewy ·
i just followed you cause your posts seems to be informative you are doing great ,,If you are interested in cryptocurrency visit my steemit for more information @reewy ,, and thank you again for your great posts
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@renegadereptar ·
$0.38
This is great news
A sign that the US government is finally realizing that the blockchain industry isn't just going to disappear because they ignore it.
👍  , ,
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vote details (3)
@shabab1 ·
thats good that the markets ,consumers and investors are allowed to work independently
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@steemitboard ·
Congratulations @blockchaindaily! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

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@suffragator ·
$0.11
It will be interesting to see what the government will do, the reality is crypto is a technology that no gov can stop...
👍  
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vote details (1)
@speedvoter ·
<p>This comment has received a 1.49 % upvote from @speedvoter thanks to: @suffragator.</p>
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@teenovision ·
$0.24
Its a very good new we will be able to find the real use of crypto
👍  
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vote details (1)
@tigerfish ·
Yes I agree that is really great news, thanks for the update.
👍  
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vote details (1)
@titanik ·
I have free bitcoin
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@wa2qr ·
Thanks for the information contained in this post. Here are some updates for you too.
Australia’s largest bank has banned its customers from buying cryptocurrencies like bitcoin using its credit cards, starting today. Citing a lack of regulation and high volatility of cryptocurrencies, the Commonwealth Bank of Australia (CBA) has discontinued credit card purchases of cryptocurrencies.
Here is a link u might want a look yourself.
http://cryptoyuan.com/?gclid=Cj0KCQiA2Y_UBRCGARIsALglqQ39WbiTm8EdDxSnf4qKAV8j8HzCUvvfIHe0jly5D0XxGYnbmkJArc4aAkLMEALw_wcB
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@zarakashi1 ·
Hello Guys how are you all ! Am new on steemit so like , comment and vote please , Am very happy to join this network help me to get more followers and votes i also do follow back comment and vote you ! Thanks lovely Guys.
And one thing more also resteem my post in your friends.
Have a good day.
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