All the stuff they wanted to regulate is all positive in my opinion. ICO's and exchanges are nothing but problematic right now. They are by far the biggest sources of lost funds for customers due to hacks, scams, project failuers, etc.
The things I am more concerned about them bringing more heavy regulation on:
- Being able to use Bitcoin as a means of exchange and as a replacement currency.
- What businesses can accept Bitcoin and what extra procedures you need to follow to spend Bitcoin as cash.
- Banks refusing transactions to facilitate fiat transactions to and from cryptocurrency.
- General crypto trading including unregulated exchanges as well as regulated traditional exchanges through ETF's and futures derivatives.
- User privacy and tracking how much crypto everyone owns and who they transact with.
- Taxes
- Mining
Since I don't participate in ICO's and I already agree that we need heavier regulation on these exchanges the meeting didn't really give me a whole lot to go on. Until they start discussing those topics above I am not really that interested.
RE: Why U.S Restrictions on ICOs and Exchanges Is Likely