N.H. Gov. Chris Sununu said Wednesday he will name a 12-person commission to hold hearings and make recommendations on laws and regulations dealing with cryptocurrency and “digital assets”.
The commission will include the attorney general, state banking commissioner, legislators and representatives from cankers and credit unions, as well as six people named by Sununu, three with experience in the field. It’s supposed to report in six months.
Commissions like this can be useful jumping-off points for future action or a shell game to hide the fact that you don’t plan on doing anything. It’s impossible to say at this point.
Meanwhile, the Union-Leader notes that the Securities and Exchange Commission legal case against LBRY is going ahead (article here). The SEC says LBRY “failed to register an offering of securities” through a digital asset it established as part of running its video-sharing system.
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As banks and credit unions look to consumers, yes, I said consumers and not customers, who have grown up hardwired to the digital age, including things like Venmo, senior citizen customers, yes, customers, not consumers, are being left behind and pushed out of previously secure means of banking; yes, SFCU, I’m talking about you!
I hope, beyond hope, that we/I won’t EVER be forced to deal with crypto currency! We need laws to protect the rights of people over , let’s say 70, to continue to be able to “bank” in the ways they are comfortable, safe, and secure with. I get that there are a lot of people over 70 who enjoy digital stuff, but to force seniors, who wish to remain independent, to all of a sudden, perform familiar tasks in a new, arbitrary ways that can easily lead to all sorts of problems, well, it’s just plain unethical and it should be OUTLAWED! Thanks for letting me vent!