{"id":36183,"date":"2022-06-08T10:20:10","date_gmt":"2022-06-08T15:20:10","guid":{"rendered":"http:\/\/huewhite.com\/umb\/?p=36183"},"modified":"2022-06-08T10:20:30","modified_gmt":"2022-06-08T15:20:30","slug":"getting-some-cover","status":"publish","type":"post","link":"https:\/\/huewhite.com\/umb\/2022\/06\/08\/getting-some-cover\/","title":{"rendered":"Getting Some Cover"},"content":{"rendered":"<p>The beleaguered cryptocurrency industry, although it might disagree about being in trouble, has been <em>thrown a lifeline<\/em>:<\/p>\n<blockquote><p>A highly anticipated Senate proposal to bring the freewheeling cryptocurrency industry under federal oversight would deliver a win for the sector by empowering its preferred regulator, the Commodity Futures Trading Commission (CFTC), over the Securities and Exchange Commission.<\/p>\n<p>The bill\u2019s sponsors, Sens. Cynthia M. Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.), are touting it as the first serious effort to apply comprehensive regulation to the crypto industry, which has minted a new class of billionaires and promised to reinvent financial services while also spawning scams and investor wipeouts that have raised regulators\u2019 alarms.<em> [<a href=\"https:\/\/www.washingtonpost.com\/business\/2022\/06\/07\/crypto-lummis-gillibrand-regulation\/\" target=\"_blank\" rel=\"noopener\"><strong>WaPo<\/strong><\/a>]<\/em><\/p><\/blockquote>\n<p>While there&#8217;s blather about whether the SEC or the CFTC should be in charge, the point here is that there is official recognition of the industry, in a positive manner, by Senators.<\/p>\n<p>Senators who will now be inclined to run interference for the industry.<\/p>\n<p>It has many months before it is signed into law, if ever. But now there are some, in official positions, apt to protect the industry from being, say, stamped out.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The beleaguered cryptocurrency industry, although it might disagree about being in trouble, has been thrown a lifeline: A highly anticipated Senate proposal to bring the freewheeling cryptocurrency industry under federal oversight would deliver a win for the sector by empowering its preferred regulator, the Commodity Futures Trading Commission (CFTC), over \u2026 <a class=\"continue-reading-link\" href=\"https:\/\/huewhite.com\/umb\/2022\/06\/08\/getting-some-cover\/\"> Continue reading <span class=\"meta-nav\">&rarr; <\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-36183","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts\/36183","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/comments?post=36183"}],"version-history":[{"count":2,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts\/36183\/revisions"}],"predecessor-version":[{"id":36185,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts\/36183\/revisions\/36185"}],"wp:attachment":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/media?parent=36183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/categories?post=36183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/tags?post=36183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}