Bullish News from the US Senate?

in #cryptocurrency7 years ago

The markets suffered quite a beating during the weekend, and will probably continue to do so for a few more months. However, there has been some (possible) good news from the US government, which just had a hearing today concerning Cryptocurrency.

Many of the stances and testimonies that were taken has made me think that they took a very favorable approach to the Crypto and will allow it to flourish and thrive. For now I will continue to accumulate on these dips.

Also, I talk about a possible security vulnerability in the Ledger Nano S.

Written Senate Testimonial: http://webcache.googleusercontent.com/search?q=cache:http://www.cftc.gov/idc/groups/public/%40newsroom/documents/speechandtestimony/opagiancarlo37.pdf

Ledger Blog Post: https://www.ledger.fr/2018/02/05/man-middle-attack-risk/

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The hearing went the way we hoped! Now has S. Korea come forth with their regulations, yet? I have a feeling that the market will be weak until then.

They have as far as bringing extra scrutiny to exchanges, mainly kyc requirements and banning anonymous exchanges... Nothing more comprehensive as of yet to my knowledge. I think the market will be soft for the next few months.