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This article was originally posted on Bitcoin News - delivering news related to the Bitcoin network from multiple locations around the world. For more follow the link below. A strange thing happened on the way to the decentralized digital currency revolution: Christopher Giancarlo, brought the couch-fainting, pearl-clutching community hope. At issue was the future of regulation, and as luck would have it crypto had taken a giant dump and the US stock market dropped as well a day before.
Remarks published the night before spoke to a rather reasoned position, if government regulation is assumed, on the part of both agencies.
There was still plenty to be nervous about. Christopher Giancarlo met the microphone, something incredible happened: He spoke of a deep empathy sweeping his personal experience, one in which his children and extended family were involved with bitcoin. It was, he said, time to value their enthusiasm, to not confuse them with popular conceptions of fraud or crime. He was born and raised in New Jersey, and eventually earned his juris doctorate before gaining executive spots in the private sector, much of it software related and tech oriented.
His remarks on 6 February, embedded for you here, are worth hearing in context. And maybe too much as been made of his positive statements and the correlation to bitcoin prices rebounding near minutes after he uttered them.
But the man owns a Buick convertible. Your argument is invalid. What do you think of the CFTC chair? Let us know in the comments section below. Need to calculate your bitcoin holdings? To read more from Bitcoin News follow this link.
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