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The U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission conducted a heared today “The Oversight Role of the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission.” This meeting, along with a postponed meeting now set to take place on FEB21, was reason for a lot of FUD in the marketplace.
Well, this hearing was positive and bullish for crypto to say the least. Although nothing is perfect and regulations arent exactly an answered prayer for most crypto traders, the overwheling direction was one of hope as it appears the USA isnt going to follow the lead of China. And may even go in the complete opposite direction. Over the past year, the SEC has actually been pretty fair and even handed when dealing with ICO’s and crypto. They have never been the source or root of a crash. They have yet to speak in a manner which should alarm crypto investors and overall, have done a great job to date allowing the market to grow and flourish. A negative hearing would have certainly tanked an already struggling market. But instead, most including myself leave this hearing with optimism.
Its not all blue skies and roses from here on out. But this was definitely a step in the right direction.
There was a ton of FUD before the hearing! I'm ok with buying for a discount.
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Good post, upvoted and resteemed
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Which direction do you believe India will take? They seem to be leaning toward the China path more and more each day.
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India will def ban it. They are trying very hard to move to a cashless society and will not want a means of exchange to exist outside of there control/oversight
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Situation in US about crypto is same in india,where govt dies not consider it as a legal tender...that is ok...but crypto investor are in FUD ...what will be the further step of govt on crypto regulation.
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yes it was a step in the right direction
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Hey!
Nice post!
I think regulations are very important for the crypto market.
If the people could trust cryptos 100% they would rise up.
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