The Commodity Futures Trading Commission "CFTC" met a few days ago and "cryptoassets" was among the topics discussed. While more than just the proposed regulatory approach was discussed, you should pay attention to the words used in their presentation so that when FUD (fear, uncertainty, and doubt) about regulation is causing severe market volatility (in a market that is volatile at baseline), you won't panic sell and lose money as a result.
The link below is the presentation on cryptocurrencies at CFTC meeting on 2/14 and the key points on the proposed regulatory approach are on slide 16 (as well as copied below).
- US should adopt a smart, principles-based regulatory framework that encourages professional, responsible market participants to build and invest in cryptoasset businesses in the US
To do so, market will require:
• More certainty as to legal status of cryptoassets
• Better guidance about how financial institutions can provide cryptoasset services
• Zero-tolerance for fraud, scams and abuse
-Suggest a TAC working group to look into these issues in depth to make
specific recommendations to the CFTC consistent with this approach
http://www.cftc.gov/idc/groups/public/@newsroom/documents/file/tac021418_gorelick.pdf