The SEC testimony before the US Senate released

The SEC and CFTC aim to increase clarity and fairness in the cryptospace with their testimony for today's hearing
06 February 2018   1491

Today is a big day for crypto in the US, because SEC will present its testimony about cryptocurrencies and their regulations before the US Senate. And the testimony was released on the Senate's website, which allows us to review the document and draw our own conclusions.

Of course, everything comes down to regulations and their scope. US Commodity Futures Trading Commission (CFTC) opts for changing current state of affairs with state-by-state licensing of crypto exchanges as money-transmission services. While the Commission doesn't have any regulatory powers, their stake is mainly in investigatory powers, to allow for SEC and CFTC lawfully extend their reach to exchanges for proper inspection, because as of now the exchanges' status as money-transmission service providers doesn't allow that.

The CFTC chairman also pointed out that they are open for discussions with the Congress whether further federal regulations are appropriate or necessary. Chairman J. Christopher Giancarlo expresses his opinion that he may be in favor of such regulatory and policy efforts to bring clarity and fairness to cryptocurrency space.

We'll have to wait and see, what decision Senate will come to.

Craig Wright to Claim to be Satoshi Again

He explained that the false information surrounding Bitcoin and blockchain-derived systems made him come out of the shadows
18 February 2019   32

A senior researcher at nChain, Craig Wright, sent the Commission on the US Exchange Commodity Trading (CFTC) introductory information on cryptocurrency mechanics in response to a request from the Office. But even in the official document he did not miss the opportunity to remind everyone that it was he who allegedly was the creator of Bitcoin Satoshi Nakamoto.

My name is Dr. Craig Wright and under the pseudonym of Satoshi Nakamoto I completed a project I started in 1997 that was filed with the Australian government in part under an AusIndustry project registered with the Dept. of Innovation as BlackNet. Ethereum is a poorly designed copy of bitcoin designed with the purpose of completing the promise of smart contracts and scripting that were delivered within bitcoin but which were hobbled by the core developers of bitcoin who sought to enable anonymous transactions to exist within the system. 

Craig Wright


Earlier in February, the “self-proclaimed Satoshi Nakamoto” announced that he possesses a patent, allegedly capable of restricting the right to issue JPM Coin.

In October 2017, Craig Wright made a mistake confirming that he was not Satoshi Nakamoto.