The two largest US financial regulators have announced that they they would hold a dedicated hearing on virtual currencies on February 6, 2018.

The US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) will meet to discuss what they believe will happen. a notice described as their "supervisory role" .

SEC President Jay Clayton will join CFTC President J. Christopher Giancarlo as the lead witness.

Bitcoin and other cryptocurrencies are back in the limelight over the last week. Economic Forum (WEF) 2018, with senior politicians from various major economies declaring their intention to intensify the legislative interaction.

Calls for an international effort on the regulation of crypto n have received support from France, Germany and others, the planned stage for a major discussion during of the G20 Summit in Argentina in March 2018.

Clayton and Giancarlo both made their voices heard on cryptocurrency, discussing at length what they consider to be the "task" Regulators in a co-authored article appeared in the Wall Street Journal at the WEF event

"The CFTC and SEC, as well as other federal and state regulators state and criminal authorities, will continue to work together to bring transparency and integrity to these markets and, most importantly, deter and prosecute fraud and abuse, " concluded in the article,

"These markets are new, evolving and inte As such, they force us to be nimble and forward-looking [.] "

Earlier this month, the SEC told trade groups of Wall Street that she had their ETFs and their Bitcoin-based mutual funds were in compliance with the regulations and asked the promoters to withdraw their statements of registration.