Congress Virtual Currency Meeting Actually a Positive?! My thoughts


The US Senate Committee on Banking met today with the Chairman of the SEC and CFTC to discuss virtual currencies and regulation. While many thought this might provide a deathblow to Bitcoin and crypto during this bear market, the tone of the meeting was mostly positive. Let’s talk about my overall thoughts on the meeting and why I’m happy walking away from it.

My favorite quote from CFTC Chairman Giancarlo: “We owe it to this new generation to respect their interest in this new technology with a thoughtful regulatory approach.”

Link to recorded video/audio from CSPAN:
https://www.c-span.org/video/?440770-1/jay-clayton-christopher-giancarlo-testify-hearing-virtual-currencies

A few key points:
– Bitcoin seems to be on solid regulatory footing..
– Chairman Giancarlo understands that Bitcoin brought us blockchain tech
– Bitcoin is also not unregulated and the CFTC emphasized this point

On another note
– The main sale days of ICO investing in the US appear over.
– Not just VPN’s either, KYC/foreign passports

If you’d like to join me at NAC3 in NYC, go to the site here and use code cryptobobby15
https://www.nac3.io/

Buy Bitcoin, Ethereum and Litecoin on CoinBase and get $10 worth free:
https://cryptobobby.com/coinbase

Buy and Trade altcoins on Binance – https://cryptobobby.com/binance

Secure your Crypto with a Ledger Nano S:
Amazon (faster shipping):
https://cryptobobby.com/ledger-amazon
Ledger (slower shipping, but cheaper): https://cryptobobby.com/ledger

Get a Free Trial of Coinigy (the trading/charting software I use):
https://cryptobobby.com/coinigy

Follow me on Steemit:
https://steemit.com/@cryptobobby

Follow me on Twitter:
https://twitter.com/crypto_bobby

Join the Facebook Group:
https://www.facebook.com/groups/140921189836895/

Portfolio Tracking:
Blockfolio – https://www.blockfolio.com/
CoinTracking.info – https://cryptobobby.com/cointracking
Bitcoin.tax – https://cryptobobby.com/bitcointax

*Some of these links may be affiliate links, meaning if you click and purchase something, I may receive a small commission at no additional cost to you. I only recommend companies and products I personally use, and any commissions help to pay for content creation. Thanks! *

** This is not financial advice and these are simply my own opinions, as such, this should not be treated as explicit financial, trading or otherwise investment advice. This is not explicit advice to buy these cryptos, do you own research.**

LEAVE A REPLY