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Currently, there is no single, overarching regulatory body for cryptocurrency in the United States. Instead, multiple agencies share responsibility, creating a complex regulatory landscape. However, there are key regulatory agencies like the Securities and Exchange Commission (SEC). SEC primarily focuses on regulatory cryptocurrencies that are deemed securities, like investment contracts. They aim to protect investors from fraudulent offerings and oversee crypto-based investments like ETFs.
The other regulatory key agency is the Commodity Futures Trading Commission (CFTC). The CFTC considers Bitcoins and other crypto as commodities and regulates interstate crypto commerce and commodity derivatives markets. They focus on investor protection and monitoring crypto futures. Other key agencies include Internal Revenue Service (IRS) The IRS, classifies cryptocurrency as property for taxation purposes, meaning they tax crypto transactions like any other asset.
The other regulatory key agency is the Commodity Futures Trading Commission (CFTC). The CFTC considers Bitcoins and other crypto as commodities and regulates interstate crypto commerce and commodity derivatives markets. They focus on investor protection and monitoring crypto futures. Other key agencies include Internal Revenue Service (IRS) The IRS, classifies cryptocurrency as property for taxation purposes, meaning they tax crypto transactions like any other asset.
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