June 14th, 2018
The United States Securities Exchange Commission ruled that both Ethereum and Bitcoin are not securities. We all knew this but the government has now agreed. There will be no back lash now for those two crypto currencies. The market reacted positively with all greens!
On a second note, investigations are indicating that last fall/winter (2017) that Bitcoin and the crypto currency market may have been manipulated by both Tether and Bitfinex. Investigations are ongoing to see if the December 2017 run up in cryptos was orchestrated by these two related companies. If this is true, it will not fare well for the executives of these companies.
Both the SEC and the CFTC are very serious about keeping crypto currencies/tokens a legitimate industry. Positive regulation and scrutiny can only boost and help cryptos.
image from: altcoinbuzz.io