"We may be back with our friends from the U.S. Treasury and the Fed to ask for additional legislation."So said Jay Clayton, the chairman of the U.S. Securities and Exchange Commission, at a U.S. Senate hearing on cryptocurrencies today, responding to one of several questions about whether his agency has enough authority over the cryptocurrency market.The meeting of the Senate Committee on Banking, Housing and Urban Affairs, which kicked off on 10 a.m. Tuesday, however, saw participation from another notable regulator as well, U.S. Commodities Futures Trading Commission (CFTC) chair J. Christopher Giancarlo, who also addressed the topic in remarks.
