US: SEC and CFTC aim for literacy in digital assets, blockchain analysis

SEC Chairman Jay Clayton and CFTC Chairman J. Christopher Giancarlo testified before the Senate Committee for Appropriations, stressing the need for literacy with digital assets. Clayton informed the committee of the SEC's request for four new positions in the Division of Trading and Markets to work on digital assets while Giancarlo expressed the regulators' vision of full quantitative analysis ability with independence from market intermediaries.

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