Get Ready for the Regulations, America!
This nice correction were in might be a signal for US lawmakers to put their filthy mittens in our cryptosoup.
One week ago, a US Senate hearing brought to light a lot of the same thoughts you and I have had running through our minds about cruptocurrency and US regulation.
A CoinDesk article sites Stephen Palley, an attorney out of Washington, D.C.-based law firm Anderson Kill (2018) saying:
“It's amazing that nine years after the Satoshi white paper, you've got senators talking about this [stuff] and not pooh-poohing it."
The idea that US senators are potentially incapable of speaking intelligently on cruptocerrency, related exchanges and the matter of volatility coupled with potential wallet hacks does allude to a need for TERM LIMITS on some of the older and crusty non-thinkers.
A few notable whom are literally incapable of remembering names of people are Nancy Pelosi, House Minority Leader and Congresswoman Maxine Waters (right to left). Do a search of the two of them on how they jumble up their words on a constant basis...ah...but I digress.
Palley was merely saying nothing with her comment. Lawmakers are aware of the value of cryptocurrency and must get involved wether we want it or not. I personally do not. Let’s see how that pans out.
A more note worthy comment comes from Carol van Cleef, a banking lawyer out of Washington (2018) was where she interpreted the chairman of the US Securities and Exchange Commission, Jay Clayton’s words during the hearing:
‘He’s really saying is “somebody’s got to take control of this at the federal level.”’
I truly believe CoinDesk is in the pockets of US lawmakers.
Nestled in New York City...More to follow on why I believe that.
Long story short:
This nice correction were in might be a signal for US lawmakers to put their filthy mittens in our cryptosoup.
Are you ready for the change?
Reference: https://www.coindesk.com/bitcoin-crypto-us-senate-hearing-february-2018/amp/