Crypto Invest Summit 2019 in Los Angeles: Summary and Pictures – DAILY BLAWGGER

diagnose of event : Crypto Invest Summit ( CIS ) 2019
Date of Event : October 15-16, 2019
localization of event : Los Angeles Convention Center
Number of Persons Attending : 200 ( on October 16, 2019 )

gold Sponsors : etoro, Vertalo, Casperlabs, innovesta, Ownera, Totle
Summary
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 due to the current cryptocurrency bear market. Despite this, there were heavy hitters on the panels who shared valuable insight. The exhibitors did a bang-up caper of promoting their products or services and the Global Hackathon was a bunch of playfulness .
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 foliate 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 holocene Telegram ICO closure .
Brett McDowell discussed the importance of getting clearness at the federal horizontal surface in the technical school space and suggested the estimate of adopting a regulative sandbox because anyone who wants to enter the space has to spend exorbitant amounts of money. Brett believes that the creation of a non-exclusive safe harbor for the extend and sale of sealed tokens, as described by U.S. Securities and Exchange Commissioner Hester Peirce, would make the U.S. a go vision for the global for circulate ledger engineering companies.

Phil Liu described the fact that a few people control a bombastic share of Bitcoin so that any one of them can manipulate the prices. There are known issues with transparency in the distance. It is time for the industry to organize an SRO in the cryptocurrency distance to bridge the gap between the SEC and the CFTC .
Yusuf Hussain echoed Phil ’ s opinion that there is path advancing to responsibly becoming an SRO. Yusuf highlighted that regulation needs to be moving at the pace of invention. Until then, it is imperative mood for companies in the quad to engage with regulators early and often .
Ian Calderon described the government point of view on how to foster invention and creation while providing regulative oversight. He described the lawgiver as the party that tells the collar what to enforce, not the bull. Mr. Calderon discussed his experience in a working group as one in which the people are not always 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 panel on rule ” which was abruptly but sweet. The bed line : all panelists agreed that regulation is crucial.



Adam Chapnick introduced and moderated this “ controversial panel on regulation ” which was short but sweet. The bed line : all panelists agreed that regulation is important .
Rob Nance stated that fair and guileless markets are necessary. He believes that most people don ’ t understand how Libra and its digital wallet, Colibra, influence ; 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 function of crypto for illicit 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 much holdings have changed which can then make it traceable .
More Security Token Panels





Exhibitors







The Global Hackathon by Blockchain Beach

several smart young people presented their ideas to solve crucial issues such as fiscal literacy. A 17 year old high school student who is CEO of his company presented an idea to increase collaboration among competitors alternatively of competing in a cutthroat way. Overall, it was a bunch of fun .







If you have any questions or comments on any of the subjects mentioned above, please let me know or leave a comment below !

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