TIME National Political Correspondent Molly Ball joins Yahoo Finance Live anchors to discuss the ongoing tensions between the Securities & Exchanges Commission (SEC) and cryptocurrency regulators.
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Don't Miss: Valley of Hype: The Culture That Built Elizabeth Holmes
WATCH HERE:
https://youtu.be/Sb179GLPNYE
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About Yahoo Finance:
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more.
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Francisco Gimeno - BC Analyst US Regulatory agencies particularly SEC but not only, behave in a way which tries to react to unregulated crypto by attacking it instead of putting crypto financial regulators together with crypto platforms and companies. How is a honest crypto platform act if they don't know how SEC is going to react, putting them together with the "less" honest ones? We think the approaches shouldn't be of conflict but offering a new vision on how the regulators should see crypto, starting with digital financial education which these traditional regulatory institutions may lack. Of course, new crypto platforms should learn from what is going on and try to regulate or work inside a framework which doesn't violate the US Securities Law and follow a process which can be long but long term is worthier than looking for launching a crypto product which will cause further legal and financial problems.