The process will start with ICO's, which require the most regulation. A recent study has found that 10% of all ICO proceeds have been lost to hacks and fraud. The virtual currencies themselves being it the middle of it all, needing protection against fraud and market manipulation. The Distributed Ledger Technology (DLT), otherwise known as blockchain, will be the last thing on the list of priorities as they see it needs the least amount of regulation.
Both Clayton and Giancarlo are remaining positive about the potential of the the decentralized technology and cryptocurrencies. The solution the two have came to regarding the topic at hand would be as follows: To educate the population about Bitcoin and other cryptocurrencies. Use jurisdiction to cover future markets and keep records of the market. To use taskforce to go after fraudulent scamming schemes.
Overall, I believe that the meeting has brought to the attention of the nation that crypto is here to stay.
Although not every cryptocurrency that is around today will be around in the long run, it's up to the legitimate groups to keep their projects in check. We have already seen some signs of a market improvement since the meeting. Is this what the cryptospace needed? Let me know your thoughts.
If you enjoy the content and would like to see more or if there is anything you would like covered, please let me know, thank you!
Best of luck in your investments!
-Blayzincrypto
https://steemit.com/space/@mornevd/falcon-heavy
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Upvoted. What an amazing experiment. Elon Musk is definitely going to do great things for this world.
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