U.S. Representative Warren Davidson (R-Ohio) said the initial coin offering (ICO) market needs “light touch” regulation on CNBC’s Squawk Box today, June 21.
When asked about cryptocurrency regulation, Davidson argued that the “big thing” the market needs is a “light touch regulatory framework” which, according to the congressman, would provide more certainty.
He said that a clear regulatory framework would save companies from the bureaucratic difficulties of navigating myriad different court decisions at varying levels.
The congressman further explained that the lack of regulatory certainty made the ICO market risky and potentially unsafe, as fraudulent ICO projects could take advantage of investors.
On June 19, CBOE Global Markets President Chris Concannon claimed that the ICO market could soon face a two-fold regulatory “reckoning,” should the SEC classify ICOs as unregistered securities.
Central bank digital currency has gained another top critic as the US Federal Reserve, under Jerome H. Powell’s chairmanship, considers potential CBDC designs. In a July 23 tweet, Republican representative Warren Davidson condemned any potential move to launch a CBDC, noting that a digital currency flaws the ethos of money. Davidson urged Congress to ban and […]
The Bitcoin 2021 conference in Miami is well underway. First day: done. Apparently, sadly, production failed and there were thousands of people in line for hours. They missed the first few talks, but we didn’t.
The Doge community is not going to like this. In a panel at the Miami Bitcoin conference, Representative Warren Davidson spared no bullets. He compared the US Federal Reserve’s rampant money printing of late to Dogecoin’s unlimited and ever-increasing supply.
U. S. Congressman Warren Davidson (R-OH), has reintroduced the Token Taxonomy Act. The bill was previously floated in 2018 and 2019 but failed to see the light of day under the Trump administration.
Reps. Warren Davidson, Tom Emmer, Ted Budd and Scott Perry urged Steven Mnuchin to rethink his rumored self-hosted wallet regulations in an open letter Wednesday which warned such rules might "crush a nascent industry."
Despite the large number of crypto-centric companies founded and based in the U. S. — like Coinbase, Kraken, and so on and so forth — American regulation hasn’t been all too kind to the budding industry around Bitcoin over the past few years.
Coinspeaker U. S. Congressman Says Facebook is Better Off Adopting Bitcoin than Struggling for LibraU. S. Congressman Warren Davidson believes that Bitcoin will bring more benefits to Facebook than its own crypto project Libra.
