Tomorrow there is a meeting of the U.S. senate banking committee on the regulation of cryptocurrencies within the United States. They are going to discuss what the SEC’s and CFTC’s role will be in overseeing the crypto and virtual currencies as they currently oversee the securities industry, stock market etc. The notes were posted today which show relaxed regulations for the cryptocurrency market! Huge win!
Summary of the notes:
ICO's need to be closely monitored so so investors don’t get scammed, but cryptocurrencies are spurring technological growth and innovation and must be protected. In short, it's good news and no crazy regulations!
“When investors are offered and sold securities – which to date ICOs have largely been –they are entitled to the benefits of state and federal securities laws and sellers and other market participants must follow these laws. “ - This means protection for investors which means we are going mainstream!
Belly intallesting
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