The world has been waiting to see how the U.S. Government regulators would handle crypto's. While I acknowledge the fact that govern-ment is a fraudulent ponzi scheme that puts BitConnect and Enron to shame. It is the preferred fraud of most Americans...for now.
It is the insecurity around how the regulators in the U.S. would respond to the paradigm shift that Distributed Ledger Technology (DLT) represents that has caused many individuals residing in America to not be able to participate and support many great and upcoming business opportunities through Initial Coin Offerings (ICO's) and has actually created the opportunity for legacy systems to commit outright theft of value. I have never been scammed on the Crypto side of the system. The only times I have been scammed involved the legacy side of the system.
In this video Bix Weir of The Road To Roota reviews the written testimony of J. Christopher Giancarlo of the CFTC.
My takeaway from this is embrace innovation, protect mom and pop investors, prevent greedy market manipulators and have at it!
