CFTC Official: Early Internet Regulatory Model Will Help Blockchain Evolve

J. Christopher Giancarlo, a commissioner at the Commodity Futures Trading Commission(CFTC), told a Depository Trust & Clearing Corp. symposium that blockchain should be allowed to develop with minimal government regulation. Giancarlo noted in his published remarks that the Telecommunications Act of 1996 offers a good model since it allowed the Internet to evolve under the […]

U.S. Softens New Retirement Rule

Wall Street breathed a sigh of relief Wednesday when the industry finally got a look at the Obama administration’s new retirement-advice regulation, discovering some onerous requirements floated earlier had been scaled back. A broad coalition of financial firms, trade groups, and Republican politicians, joined by a handful of Democrats, spent the past year mounting a fierce counterattack […]