The U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission conducted a heared today “The Oversight Role of the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission.” This meeting, along with a postponed meeting now set to take place on FEB21, was reason for a lot of FUD in the marketplace.
Well, this hearing was positive and bullish for crypto to say the least. Although nothing is perfect and regulations arent exactly an answered prayer for most crypto traders, the overwheling direction was one of hope as it appears the USA isnt going to follow the lead of China. And may even go in the complete opposite direction. Over the past year, the SEC has actually been pretty fair and even handed when dealing with ICO’s and crypto. They have never been the source or root of a crash. They have yet to speak in a manner which should alarm crypto investors and overall, have done a great job to date allowing the market to grow and flourish. A negative hearing would have certainly tanked an already struggling market. But instead, most including myself leave this hearing with optimism.
Its not all blue skies and roses from here on out. But this was definitely a step in the right direction.