The US Securities and Exchange (SEC) will be meeting tomorrow to discuss in detail their plans for cryptocurrencies. Seems as though some people think the leaked document is good news. I disagree. I believe this is not good news nor is it bad news.
Basically, they want to regulate icos and treat crypto as securities. Source: took directly from Leak PDF
"increased federal regulation of cryptocurrency trading platforms"
"Financial products that are linked to underlying digital assets, including cryptocurrencies, may be structured as securities products subject to the federal securities laws even if the underlying cryptocurrencies are not themselves securities."
What implications does this have? Most likely we will initially see a crackdown on ICO advertising followed by some sort of regulation that all ICOs must meet before US citizens are allowed to invest. Furthermore I expect major exchanges residing in the USA to be subject to some type of regulation, this may also have an effect on US citizens using international exchanges.
I do not expect this to have any short-term effects on the market. I imagine long term this will bring more security to crypto, followed by a flood of new money.
I will post the full leaked document as well as potential investments that may benefit the most from this here: https://www.facebook.com/groups/116014865776792/