Cryptocurrency - Ready for world financial domination

in #cryptocurrency7 years ago

Page 14: WRITTEN TESTIMONY OF J. CHRISTOPHER GIANCARLO, CHAIRMAN, COMMODITY FUTURES TRADING COMMISSION BEFORE THE SENATE BANKING COMMITTEE.

WASHINGTON, D.C.
FEBRUARY 6, 2018

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-no word is needed anymore-

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Atlast people are realizing the new potential :)

(Full testimony PDF available here)

This testimony was very pro-cryptocurrency, but I read it to indicate that the SEC will regulate to accomplish the following:

  • Exchanges will need to comply with SEC if they are trading coins considered securities
  • Pump and Dumpers will be sanctioned by SEC if they use coins considered securities (most of them)
  • Promoters and managers of projects will need to comply with SEC by registering or having an exemption to registration for ICOs.

Overall, very supportive but in a more regulated market. I see an opportunity for a crowdfunding reg (Reg A+) to be applied to ICOs today.

Cheers,

@dcj

there can be a movie made on crypto soon ahaha, such suspense

Amazing post and a lot of information
Thanks for share
@upvoted

Thanks for the information

that was great news.. now i'm raising my sp by bid bots :)

this is the best way to meet success on steemit :)

@bien Although off topic but don't you think bid bots give negative ROI.

it's a business..yes! they are unfair selling votes but if you are planning to be successful here in this community you need to do those things. still they can help. but if you have a talent and a professional blogger your success on steemit is easy.. cause their some good person also reward those creative article here on this community.

Lol !! All the panic sellers should surely read this . Holding tight 😁

I hope they put a stop to these bans that's affecting crypto.

There is no real ban, only fake news.

It is fear that is affecting crypto not bans. As @jwolf said they are all fake news.

What is the best way to increase reputation ?

Read FAQ :)

Very well post about Cryptocurrency. thnx