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Author Topic: Thoughts on SEC meeting  (Read 157 times)
mikfresh
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February 06, 2018, 06:49:08 PM
 #1

Overall i think it turned out well. Some good points and concerns were brought up primarily aimed at regulating in such a way that it allows people to invest and use currencies while mitigating their risks of getting scammed by fake projects.
It doesn’t sound like we will be making any drastic changes anything soon nor banning cryptocurrency as a whole.
Cryptocurrency was initially created as a means of bypassing the governments and decentralize the world ad we know it. However we have matured and grown into markets we never thought was possible. Fair regulation aimed at benefiting the consumer is IMPERATIVE for us to grow as a whole.
Share your thoughts!
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donacal
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February 06, 2018, 07:58:16 PM
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sec has no weapons to stop crypto revolution. they have a dilemma. if you put controls then people will feel more protected and crypto explode
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February 06, 2018, 08:14:47 PM
 #3

Good outcome!
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February 06, 2018, 08:15:54 PM
 #4

sec has no weapons to stop crypto revolution. they have a dilemma. if you put controls then people will feel more protected and crypto explode

Exactly. Putting controls will give more security. And most of the people already in crypto are
not criminals. So nothing to fear.

Bright future ahead. Next ATH ahead. Next dip to follow. Strategy to win is HODLING!
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February 06, 2018, 08:17:59 PM
 #5

Very positive over all.
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February 06, 2018, 08:29:43 PM
 #6

sec has no weapons to stop crypto revolution. they have a dilemma. if you put controls then people will feel more protected and crypto explode

Very good point but I do not think they care about price explosion. Crypto is going to explode because someone is buying now  Smiley

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February 06, 2018, 08:34:56 PM
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There's too much money involved for any sort of ban or significant restriction.  From the summaries I read, the primary concerns are ICOs and scams, which makes sense.  I would agree that meeting seemed favorable overall.
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February 06, 2018, 08:35:44 PM
 #8

sec has no weapons to stop crypto revolution. they have a dilemma. if you put controls then people will feel more protected and crypto explode

They have a lot of weapons to stop it, it's really not all too hard, we've seen what China have done in the recent days and months. The difference is that they are taking a different outlook, one that does not hinder the progression of technology.

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mikfresh
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February 06, 2018, 08:46:26 PM
 #9

sec has no weapons to stop crypto revolution. they have a dilemma. if you put controls then people will feel more protected and crypto explode

They have a lot of weapons to stop it, it's really not all too hard, we've seen what China have done in the recent days and months. The difference is that they are taking a different outlook, one that does not hinder the progression of technology.

I agree, a different vision/approach is all we need for now. Good things will come in next few weeks and months!
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February 06, 2018, 10:21:26 PM
 #10

Market is reacting good , looks like we are going back up. Only points seem to be that they have to watch ico's in which i agree with . Excited to see what will happen this month.

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February 06, 2018, 10:37:11 PM
 #11

Wow interesting, I think this is a good reaction from BTC also. Let’s see if it is sustainable in the long run

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February 06, 2018, 10:43:00 PM
 #12

Agree, this meeting was nice and positive towards cryptos. Read the nice summary here:

https://cointelegraph.com/news/sec-and-cftc-hearing-more-legitimate-icos-or-if-there-was-no-bitcoin-there-would-be-no-blockchain
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February 07, 2018, 11:31:49 PM
 #13

sec has no weapons to stop crypto revolution. they have a dilemma. if you put controls then people will feel more protected and crypto explode
With the outcome,it does not look like SEC is trying to stop the revolution,the meeting was a grand success and so is the reason the market responded on hearing about it and so is the reason we saw a decent recovery from the bleeding markets we were seeing for the past few days.We might see some regulations in order to counter money laundering,other than that it is here to stay.
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February 07, 2018, 11:38:33 PM
 #14

watched it yesterday, was very good news, they were positive about crypto and not looking to stifle it

unfortunately it seems the bears are still in control of the market for now tho  Cry


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JanpriX
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February 07, 2018, 11:53:53 PM
 #15

Saw some Youtube clips of it and read different Tweets regarding this meeting and I should say that the outcome is somehow positive for the market. The cryptosphere is bombarded by negative news in the past days and having this meeting provided a breath of fresh air to the cryptocommunity. As you can see, the bulls are coming back to life even though it will not be an easy task to reach the previous price levels (ATH) of BTC. Currently looking forward what will the effect of it in the long run and hopefully, it will be a very fruitful one.
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