USA crypto blockchain news6 Feb 2018 21:54
Chairman Giancarlo of the CFTC said before Tuesday�s Senate hearing on potential cryptocurrency regulations:
"'Do no harm' was unquestionably the right approach to development of the Internet. Similarly, I believe that 'do no harm' is the right overarching approach for distributed ledger technology. ... With the proper balance of sound policy, regulatory oversight and private sector innovation, new technologies will allow American markets to evolve in responsible ways and continue to grow our economy and increase prosperity."
<<<remember how the internet expanded?>>>
... meanwhile, [he] won the hearts of Bitcoin enthusiasts with several comments that appeared to be hat tips to the community. First, he made what is almost certainly the first use of the word �hodl� during a Congressional hearing. Then, toward the end of the hearing, he contradicted the common misconception that Bitcoin is riding the coattails of blockchain technology. He told the committee: �It�s important to remember that if there was no Bitcoin, there would be no blockchain.�
<<<...sounds to me like a fond farewell to the 1st generation of crypto/blockchain (which bitcoin which was after all) and onto the next Gen currencies - we are currently at Gen 3 technology, so I�m told.>>>
https://www.ccn.com/sec-cftc-chairmen-stick-to-the-script-during-us-senate-hearing-on-cryptocurrency-regulations/