[2018-02-06] US Senate Banking Committee Meeting

vtrx

newbie

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Quote from: Benezim on February 06, 2018, 03:32:08 AM

Here are the scripts of what will be said tomorrow.

Looks overall positive to me, particular this statement:

Quote from: Jay Clayton, Chairman U.S. Securities and Exchange Commission

Said simply, we should embrace the pursuit of technological advancement, as well as new and innovative techniques for capital raising, but not at the expense of the principles undermining our well-founded and proven approach to protecting investors and markets.

Agree as to "overall positive" not just this statement but others too. I hope this meeting will lead the cryptomarket high volume migration from problematic China and Korea to the US and Canada. This event can become a very strong fundamental base for the current trend change from down to up.

Benezim

full member

Activity: 420

Merit: 142

Here are the scripts of what will be said tomorrow.

Looks overall positive to me, particular this statement:

Quote from: Jay Clayton, Chairman U.S. Securities and Exchange Commission

Said simply, we should embrace the pursuit of technological advancement, as well as new and innovative techniques for capital raising, but not at the expense of the principles undermining our well-founded and proven approach to protecting investors and markets.

vtrx

newbie

Activity: 107

Merit: 0

Recently, the price of Bitcoin has experienced an extreme pullback. Just before Christmas, each Bitcoin cost close to $20,000. Today, the cost of a single unit is around $8,000. However, as Eapen points out, this isn’t the largest price decline in its history. It probably won’t be the last big retraction either.

According to Brian Kelly, the CEO of an investment firm focused on digital currencies, much of this cash could be ready to pour back into the space thanks to a meeting of the US Senate Banking Committee preparing to discuss regulation of digital currencies next week:

“One of the biggest problems we’ve had in this market is institutional investors don’t know where exactly they stand regulatory wise, what can they do, what can’t they do.”

With greater legislative clarity for US investors incoming, there will be more widespread understanding of how they can get involved with the space. This could send prices soaring again. However, a negative outcome from the US Senate Banking Committee meeting could equally spell greater troubles in the short term for the space.

Read the whole article: https://www.newsbtc.com/2018/02/06/nithin-eapen-arcadia-crypto-ventures-crypto-is-not-classical-music-or-jazz-this-is-punk-rock/

Topic: [2018-02-06] US Senate Banking Committee Meeting (Read 105 times)