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Crypto Advocates Push For Regulatory Guidance at Congressional Hearing

  • Coinbase’s chief legal officer warns firms may move overseas
  • Review follows SEC subpoenas to issuers of coin offerings
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Hedge Funds Draw Scrutiny in Crypto Crackdown


If the top financial watchdogs in the U.S. don’t come up with clearer guidelines for the cryptocurrency market, innovative startups may go elsewhere, according to one of the most popular digital-token exchanges.

Coinbase Inc.’s chief legal officer, Mike Lempres, said the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission need to work together to more clearly define what digital coins are and who should be regulating them.