February the 6th could potentially be a huge day for cryptocurrency. The SEC(US Securities and Exchange Commission) and the CFTC(Commodity Futures Trading Commission will meet on the 6th of February to solely discuss cryptocurrency.
This could be a huge day for crypto as this meeting could provide a regulatory "green light" for institutional investors. The majority of big investors and big banks have steered clear of investing into cryptocurrency due to the lack of regulatory insight.
This meeting could be the proverbial trigger that we have been waiting on for big money to get into crypto and pump the markets to new highs!
On the opposite end of the spectrum, the meeting could also potentially manifest a negative overlook or conclusion that could scare the market into a further spiral. While I don't foresee the United States coming out with a ban after this meeting, you never know. The news hasn't been great as of late, and we all need to dearly hope that good news comes out of this meeting.
I hope that this turns out to be a positive thing for the market, and I will have my eyes glued to the computer on the 6th to see how this pans out.
What do you think will come out of this meeting? Tell me in the comments!
To the moon,
