Date of Event : October 15-16, 2019
location of event : Los Angeles Convention Center
Number of Persons Attending : 200 ( on October 16, 2019 )
aureate Sponsors : etoro, Vertalo, Casperlabs, innovesta, Ownera, Totle
On October 16, 2019, I attended two jury discussions at CIS 2019 on a beautiful in Downtown LA. Compared to CIS 2018, there were far fewer attendees which may have been ascribable to the current cryptocurrency have a bun in the oven market. Despite this, there were heavy hitters on the panels who shared valuable insight. The exhibitors did a great problem of promoting their products or services and the Global Hackathon was a distribute of fun .
Panel 1: Regulatory Headwinds in the U.S. with Perianne Boring, Brett McDowell, Phil Liu, Yusuf Hussain and Ian Calderon
Perianne Boring asked the panelists about topics like the SEC ’ s recently issued 112 page Order Disapproving a Proposed Rule Change related to NY ’ s Bitcoin ETF approval, the Virtual Commodity Association, the SEC Order for Block.one to pay a $ 24 million penalty for unregistered ICO and the late Telegram ICO closure .
Brett McDowell discussed the importance of getting clarity at the federal grade in the technical school space and suggested the mind of adopting a regulative sandbox because anyone who wants to enter the outer space has to spend exorbitant amounts of money. Brett believes that the creation of a non-exclusive condom harbor for the offer and sale of certain tokens, as described by U.S. Securities and Exchange Commissioner Hester Peirce, would make the U.S. a lead vision for the populace for distribute ledger engineering companies.
Phil Liu described the fact that a few people control a boastfully share of Bitcoin so that any one of them can manipulate the prices. There are known issues with transparency in the space. It is time for the diligence to organize an SRO in the cryptocurrency space to bridge the gap between the SEC and the CFTC .
Yusuf Hussain echoed Phil ’ s sentiment that there is way advancing to responsibly becoming an SRO. Yusuf highlighted that regulation needs to be moving at the pace of initiation. Until then, it is imperative for companies in the space to engage with regulators early and frequently .
Ian Calderon described the government point of view on how to foster invention and creation while providing regulative supervision. He described the lawgiver as the party that tells the hook what to enforce, not the collar. Mr. Calderon discussed his know in a working group as one in which the people are not constantly in agreement with whether something is in fact a best recommendation .
Panel 2 : The Role of Government in Regulating Cryptocurrencies with Adam Chapnick, Rob Nance, Grant Blaisdell and Justin Newton
Adam Chapnick introduced and moderated this “ controversial gore on regulation ” which was curtly but sweet. The bottom course : all panelists agreed that regulation is authoritative.
Adam Chapnick introduced and moderated this “ controversial dialog box on regulation ” which was short but odoriferous. The bottom pipeline : all panelists agreed that regulation is authoritative .
Rob Nance stated that fair and guileless markets are necessity. He believes that most people don ’ thymine understand how Libra and its digital wallet, Colibra, work ; he is right .
Justin Newton discussed how crypto is a tool and platform. He referred to the Financial Action Task Force as a body that sets standards and has identified issues with issues regarding Libra and Telegram, including terrorists and other bad actors that are financing operations with crypto .
Grant Blaisdell discussed the importance of regulation because of the rampant practice of crypto for illegitimate activities. He besides discussed the fact that while there is larceny in the space, if funds are stolen and then liquidated on one of the largest exchanges of the world, it can be determined how a lot holdings have changed which can then make it traceable .
More Security Token Panels
The Global Hackathon by Blockchain Beach
several fresh new people presented their ideas to solve important issues such as fiscal literacy. A 17 class old high school scholar who is CEO of his company presented an idea to increase collaboration among competitors rather of competing in a cutthroat direction. Overall, it was a distribute of playfulness .
If you have any questions or comments on any of the subjects mentioned above, please let me know or leave a gossip below !