Trump Appointee and CFTC Chairman says ‘Crypto is Here to Stay’

Trump Appointee and CFTC Chairman says ‘Crypto is Here to Stay’
ôîòî ïîêàçàíî ñ : ethereumworldnews.com

2018-10-2 20:23

The Chairman of the CFTC (Commodity Futures Trading Commission), J. Christopher Giancarlo, continues to be crypto friendly with his latest comment that cryptocurrencies are here to stay. He made would say so during an interview with CNBC when he stated the following:

I personally think that cryptocurrencies are here to stay. I think there is a future for them. I’m not sure they ever come to rival the dollar or other hard currencies, but there’s a whole section of the world that really is hungry for functioning currencies that they can’t find in their local currencies. There’s 140 countries in the world, every one of them has a currency. Probably two-thirds are not worth the polymer or the paper they’re written on, and those parts of the world rely on hard currencies. Bitcoin [or another] cryptocurrency may solve some of the problems

Timeline of For Crypto To Become Mainstream

Chairman Giancarlo went on to offer a timeline as to when cryptocurrencies will be embraced by more people around the globe.

We’re talking maybe 10 years down the road.

Nominated By Trump

J. Christopher Giancarlo first served in former President Obama’s administration as a Commissioner of the CFTC. When President Trump was inaugurated, Gaincarlo was nominated by the president to be the full-time chair of the commission on March 14, 2017. He was confirmed by the US Senate on the 3rd of August, 2017.

Chairman Giancarlo’s past Comments on Crypto

The Chairman of the CFTC has on numerous occasions been nicknamed ‘Crypto Dad’ by the crypto community due to his welcoming approach towards digital assets. He recently requested the SEC to take a do-not-harm approach with regards to cryptocurrencies and everything relating to the new digital revolution of markets, currencies and assets.

What are your thoughts on Chairman Giancarlo’s comments that cryptocurrencies are here to stay? Do you agree with him? Or do you believe that Bitcoin and cryptocurrencies are dead? Please let us know what you think in the comment section below. 

Disclaimer: This article is not meant to give financial advice. Any opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.

The post Trump Appointee and CFTC Chairman says ‘Crypto is Here to Stay’ appeared first on Ethereum World News.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Emerald Crypto (EMD) íà Currencies.ru

$ 0 (+0.00%)
Îáúåì 24H $0
Èçìåíåèÿ 24h: 0.00 %, 7d: 4.67 %
Cåãîäíÿ L: $0 - H: $0
Êàïèòàëèçàöèÿ $0 Rank 99999
Öåíà â ÷àñ íîâîñòè $ 0.0063325 (-100%)

stay crypto chairman cftc cryptocurrencies trump think

Èñòî÷íèê: ethereumworldnews.com

stay crypto → Ðåçóëüòàòîâ: 95


Why Bitcoin (BTC)’s Price Is A False Indicator Of Actual Value

Chart for BTC/USD (1W) Bitcoin (BTC) is currently trading just above $6,400. The average cost for mining one Bitcoin (BTC) lies slightly below this level between $5,800 and $6,200. This is the reason the price has managed to stay above those levels for now despite the fact that the volume is so low that a couple of million dollars could swing the price either way.

2018-9-20 17:00


Tether (USDT) is here to stay Irrespective of the Launch of More Stablecoins

There has been a sudden rise in the number of stablecoins that are present in the market. Many would think why such is necessary in the same way others ask, why create more crypto tokens and cryptocurrencies when they are already many existing ones in the crypto market? This could be as a result of […] The post Tether (USDT) is here to stay Irrespective of the Launch of More Stablecoins appeared first on ZyCrypto.

2018-9-17 22:35


Ôîòî:

Institutional Finance Executives Remain Confident of Crypto Industry’s Future

The cryptocurrency market might have declined in 2018 and scared some investors, but institutional finance executives are still confident of the industry’s future. According to a recent report by Forbes, the majority of these high-level officers believe that digital currencies are here to stay and will have a role to play in the future of […] Institutional Finance Executives Remain Confident of Crypto Industry’s Future was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-9-17 12:29


IBM, Capital One and Coinbase Are the Latest to File Blockchain Patents

The blockchain arms race has continued to gather pace as titans in the finance and technology industries strive to stay ahead of their competition by developing cutting-edge blockchain solutions. The latest companies to apply for blockchain patents are technology powerhouse IBM; the leading US crypto exchange, Coinbase; and financial services company Capital One. IBM’s patent […]

2018-8-20 19:00


Ôîòî:

Barclays Still Showing An Interest In Crypto Trading, Despite Previously Ruling It Out

Barclays have been awash with rumours speculating that they are planning on setting up a cryptocurrency trading desk. The rumours soon hit a dead end when a spokesperson from Barclays came out and debunked the rumours, stating that: “Cryptocurrency is a real challenge for us because, on the one hand, there is the innovative side of it and wanting to stay in the forefront of technological improvement in finance.

2018-8-9 08:00


CNBC’s Delivering Alpha Panel Hosts Circle and Digital Currency Group CEOs: “Crypto Assets Are Here to Stay”

Jeremy Allaire and Barry Silbert Tell CNBC, Crypto “As an Asset, it is here to stay” The CEO of Circle and Digital Currency Group, Jeremy Allaire and Barry Silbert respectively have recently shared their views on the future of cryptocurrencies, the associated problems and what is likely to happen to Bitcoin in the year to […]

2018-8-4 00:02


Ôîòî:

3 Reasons Why the Bitcoin (BTC) Rally is Here to Stay According to Brian Kelly of CNBC’s Fast Money

The total crypto market capitalization has surpassed the $300 Billion mark and is currently valued at $301. 5 Billion. With the increase in volume of the crypto markets, Bitcoin (BTC) has broken past two recently stated resistance levels of $7,600 and $8,000 in quick succession and in a period of less than a week.

2018-7-25 07:24


Ôîòî:

A New EU Report Suggests Banks Could Indulge in Financial Misconduct to Stay Away From Cryptos

A new report from an EU department shows that all is not well in the fintech sector as competition intensifies between traditional finance and crypto finance. The report prepared by the Police Department for Economic, Scientific, and Quality of Life Policies on the recommendation of the European Parliament Committee on Economic and Monetary Affairs (ECON).

2018-7-23 17:19


India Stands Still – Should Crypto Go or Stay ?

The biggest case involving the Indian cryptocurrencies market is scheduled to resume today as the Supreme court presides over a lawsuit filed by exchanges against the Reserve Bank of India (RBI). A directive by the central banking authority required that all banks in the country quit doing business with virtual currency exchanges on or before […] The post India Stands Still – Should Crypto Go or Stay ? appeared first on ZyCrypto.

2018-7-20 15:08


Introducing your Gateway to the Internet of Value: How Blockchain.io takes on investors’ favorite worst Crypto dilemma

It is safe to say now that Bitcoin and the Blockchain technology are here to stay. It is very likely that in the near future we will heavily rely on them to store and exchange value; we are confident that many other applications will come up from this groundbreaking invention. In short, the Crypto revolution […]

2018-7-20 02:30


äàëüøå åùå 46 íîâîñòåé →

Ïàðòíåðû Currencies.ru

Àíàëîã Notcoin - Blum - Èãðàé è çàðàáàòûâàé Ìîíåòû



Ðåêëàìà íà Currencies.ru

Ñàìîå ñâåæåå íà Currencies.ru

Bitcoin Boom: Financial Research Firm Analyst Explains Why BTC Rally Could Keep Going

A financial research company analyst expects Bitcoin to continue its price surge until year-end as it rides on bullish technical indicators and increasing market demand. In a CNBC interview uploaded via YouTube, Fundstrat’s Tom Lee shared his thoughts on Bitcoin’s continuing dominance in the context of incoming US President Donald Trump’s convincing election. Related Reading: […]