Former President Jim Newsome of the US Financial Commodity Futures Trading Commission (CFTC) predicted that Newsbus, the lack of a concrete regulatory framework means that institutional investors still do not participate in the cryptocurrency markets. Without clear regulation and the resulting injection of "large sums of money", an explosion of the "cryptographic bubble" remains unlikely, Newsome told Forbes

Commentators at the Inside and outside the cryptocurrency domain remain in disagreement.

Newsome commented on his new position as central adviser to US policymakers on cryptocurrency. This week, he was due to report with Paul Atkins, former president of the Securities and Exchange Commission (SEC), but the report was postponed, reports Forbes.

The regulation of crypto assets and business practices remains a central concern for the current presidents of the two national agencies in 2018. The current policy has focused on the growth of the industry. At a joint cryptocurrency hearing on Feb. 6, JC Christopher Giancarlo and CFTC CGE Jay Clayton abstained from strict rules, while remaining alert to new products and services in order to protect themselves. ensure that they comply with existing US regulations.

Following the joint meeting, the markets reacted warmly to the reiteration of what was largely Clayton's already expressed policy.

Other updates and details of a cryptocurrency regulatory effort may soon emerge later this month.