It's not completely clear for me yet whether This is something to be happy about. For the short term, maybe. I'm just somewhat puzzled by the fact that the regulators are being welcomed into the crypto-space so open-armed, as well as the whales, for that matter. Isn't Bitcoin supposed to be the worlds first method of transacting without regulators taming it, just like they did every other asset in existence? Aren't we supposed, as freedom loving human beings, to take our own responsibility when we decide to invest in an ICO and not come crying at the regulators door when that ICO proves to be a scam-coin?

And for the whales: they are just way to early. The crypto martket cap is still way to low for it not to be easily manipulated by them. Crypto's were supposed to be the world's first ever asset, or security as it appears now the SEC has their hands on it, that was obtainable for us, the common people before the professional traders got a chance. Best case scenario would be that they enter when the market cap was way higher. As Hive account@therealtomsawyer said somewhere in this thread: they will now "shake the Bitcoins out of weak hands", while making it even cheaper for themselves to buy even more Bitcoins.

Bitcoin is in danger of becoming just another means for the rich to get richer this way, and what difference would the first decentralized, public blockchain have made then?

I touch upon this in my articles too, so have a look if you're interested.

Thanks for keeping us up-to-date, Hive account@cryptonewsss!