SEC vs Crypto Currency Round 1: Hearing On Crypto Currency US Senate in a public discussion opens “So It Begins!”
I encourage all American People & American Investors on both side to read my post & kindly watch this video posted by Crypto Coin News :
Wow! Both sides Had very good arguments about the **Securities & Definition **of what Crypto Currency really is as well as how its recognized to the SEC. Ms. Warren who’s with the SEC was pushing the topic of Compliance & full disclosures. Ms. Warren even mentioned Facebook Banning all ICO ads and if he was aware of this issue. Also, why there was not 1 ICO registered with the SEC in 2017 & 2018 ICOs that still have not disclosed any information that protects investors. The Honorable Jay Clayton was expressing to Ms Warren his goal is to help give clarity to investors about this new cypto space. Share holders pay for the lawsuits when bad things happen and that’s not helping the situation. Mr. Perdue was pressing Jay Clayton about the Arbitrage going on in the market but he wants to know what are they seeing that needs to be done to regulate the Price Arbitrage.
Mr. Perdue addressed specifically the Pump & Dump issue to the honorable Jay Clayton. Honorable Christopher Giancarlo who was part of the protection discussion has put together a Task Force to go after Groups with misleading ICOs that are jeopardizing investors dollars because as a father of kids who love the space he wants to protect the future generation of investors & families. He wants to educate consumers about the space so they are better protected. He is encouraging all fronts from the SEC,The FED,The IRS and Congress, they must leverage their enforcement on fraudsters & manipulators.** Mr Warner **a mobile millionaire said bitcoin is a lot like his business where it showed same type of disruption but a lot stronger. It’s important they should see the signs of something that can benefit our economy.
Jay expressed his perspective of regulating disruptive technology because his worry would be so many people losing and scammers winning. Christopher Giancarlo is the Savage who is going after the Kingpins using crypto to clean money and he says there good and bad to this. I think they are all open to finding a medium for the Crypto Currency.
What was the Take Away?
The Regulation will offer a layer of protection for investors, but will that come at the price of giving up the decentralization nation? I think the future is Bright for United States the even used Bitcoin Futures as the benchmark for all crypto currency ICOs. Now this Honorable Giancarlo guy look for him to be the Batman chasing the villians because he is a family man and he is down for the Crypto Culture but if someone could rip off his family he has a fiducial duty to make sure all of America is protected. I like this guy I think the steps are in the right direction this was the first discovery of discussions to come and if it goes well this can change the scope of not just American Economics but global economic relief if the Crypto Currency Space.
What are your thoughts lets Open this Topic of Discussion "Will America Become Cryptonian Country?"
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