Lolli CEO & Co-Founder, Alex Adelman, goes on Cheddar TV to discuss Democratic Presidential candidate Mike Bloomberg's plans for crypto regulation. Bloomberg's Official Plan Statement:
Cryptocurrencies have become an asset class worth hundreds of billions of dollars, yet regulatory oversight remains fragmented and undeveloped. For all the promise of the blockchain, Bitcoin and initial coin offerings, there’s also plenty of hype, fraud and criminal activity. Mike will work with regulators to provide clearer rules of the game by:
* Clarifying responsibility for overseeing cryptocurrencies.
* Providing a framework for initial coin offerings, by defining when tokens are and are not
* securities.
* Protecting consumers from cryptocurrency-related fraud.
* Clarifying how investments in cryptocurrencies will be taxed.
* Defining capital and other requirements for financial institutions holding cryptocurrencies.
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