The FTC Formed a Blockchain Working Group (And Maybe That’s A Good Thing)

The FTC just announced that it, too, will join the federal government’s growing crypto/blockchain regulation club, right alongside the ranks of the SEC, CFTC, and Congress. Officially, this means the FTC has now created its own internal “Blockchain Working Group.” Though the FTC has been publishing information about cryptocurrencies since 2014 (see this hilariously-titled and well-written informative alert, Back, Back, Back It Up, for example) and brought its first cryptocurrency-related case as early as June 2015, the agency’s decision to form a working group shows a deeper level of commitment by the agency to engaging with players in the crypto space. And, certainly, it shows that blockchain and crypto assets are likely here to stay. But does the creation of the FTC’s Blockchain Working Group mean *terrified gasp* . . . more regulation? Well, frankly, the amount of regulation doesn’t really matter in this context, so that isn’t even…

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