Cryptospendthrift's Bitcoin And Cryptocurrency Podcast

CFTC to Take 'Do No Harm' Approach on Crypto Regulation

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SEC & CFTC Hearing:  Got to give credit to Giancarlo for seeing there is no blockchain without bitcoin.  Giving credit to the creation of the whole ecosystem and tech to the rightful owner. Like I've been saying for weeks, every ICO is considered a security by these guys. Not a single ICO that has currently been released has registered with the SEC. So, any with US investors are technically in violation of something. It is worth mentioning that also want to separate crypto that isn't a security and ones that are from each other. So, there might be some interesting regulation in the future about ICOs and premines. Current focus is on straight scams and ponzi schemes and the rest of crypto will be relatively left alone. Volatility wasn't a problem at this hearing like it usually is for government entities. They stated that they are used to entities that are that volatile. Basically, the US government regulation won't be too bad from the SEC and CFTC. All you guys must watch out for is the IRS.