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Bitcoin Is Like Playing Lottery? This Congressman Thinks So

Valkenburgh believes there is sufficient regulation in the crypto industry. His argument had two main points: over the past 10 years, several federal and local governments issued their own legislation towards this new asset class. He added that technologies within the blockchain are a type of regulation.
(…) onramps, offramps and exchanges, are money transmitters, banks and trusts, and are all under the BSA, report to FINRA and require KYC/AML.
In BTC’s decade of existence, there have been no reports of a U.S.-based exchange that has suffered major losses. Regulators in this country have swiftly punished fraud, money launders, and other crimes related to the industry. ....

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Five Gems From Van Valkenburgh's Testimony At The Congressional Hearing

Five Gems From Van Valkenburgh's Testimony At The Congressional Hearing
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