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RE: Why The SEC and CFTC Hearing Was Awesome For Cryptos!!!!

in #steem7 years ago

They basically understand crypto is here to stay and they just need to make sure the average American knows exactly what they are getting into. But there are some negative, they are classifying ICOs as SECURITIES. Which means, the ICO game might not last very long. But all in all, very positive news for cryptocurrency. It's here to stay and make the world a better place via blockchains and smartcontracts.So much good healthy discussion out of this hearing. Some negatives that needed to be hit on and a lot of good points. I am so happy with the outcome, having a man like Gaincarlo on the front line is a positive.

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Well the US regulations do not extend world wide so if they do indeed have ICOs as securities, they will move off shore removing the American buyer.

Of course, decentralized exchanges can work around that.