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The controversy raises the question of whether America’s leading financial regulator, the Securities and Exchanges Commission, will attempt to control the spread and use of Bitcoin.
“We are declining comment,” said an SEC spokesman by email
“We are declining comment,” said an SEC spokesman by email
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According to Dan Nathan, a securities lawyer at Morrison & Foerster, the agency can oversee trades of financial instruments like stocks and bonds but, for the most part, not currencies.
Nathan said the SEC could exert indirect control through imposing capital requirements on trading houses that hold Bitcoin, but any direct trading regulation would likely be restricted to the Commodity Futures Trading Commission (CFTC)
Nathan said the SEC could exert indirect control through imposing capital requirements on trading houses that hold Bitcoin, but any direct trading regulation would likely be restricted to the Commodity Futures Trading Commission (CFTC)