This morning the US Senate held a special hearing on Virtual Currencies with the Chairman of the SEC and the CFTC. They talked a lot about the current environment surrounding virtual currencies, specifically ICOs and what they are planning on doing about it.
We’ll also discuss the signals I’m waiting for before buying back in, Coinbase announcing Segwit support, The Down Jones drop and it’s impact on crypto and an important message about being optimistic vs being a permabull.
Virtual Currency Video: https://www.banking.senate.gov/public/index.cfm/2018/2/virtual-currencies-the-oversight-role-of-the-u-s-securities-and-exchange-commission-and-the-u-s-commodity-futures-trading-commission
Coinbase Announcement: https://twitter.com/coinbase/status/960656993122844673
Down Jones Tumbles: https://www.washingtonpost.com/world/theres-genuine-carnage-out-there-asian-markets-tumble-early-mirroring-dows-decline/2018/02/06/95e75e78-0ab7-11e8-998c-96deb18cca19_story.html
Tweet on the Future of Crypto: https://twitter.com/carterthomas/status/960759104229617664
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*NOT Professional advice, this is all just my own opinion and experience. Consult professionals for any tax, accounting or legal related questions you have.