It's been a truly great day in the cryptocurrency world!
The US Government today met on the topic, with the heads of the SEC coming face to face with Congress. (Link) We were worried they'd ask for new laws and regulations - but they asked for none.
Beyond that, SEC and members of Congress made some surprising points - they understand the technology's potential, don't want to slow it down, and that at least for now - only crypto scammers need to fear the government.
How did the markets respond? With an $83 billion dollar boost! From a low of $278 billion cap - now leaping up to $363 billion.
Out of hot waters? At least for now, it appears so.
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Author: Mark Pippen
London News Desk
http://www.globalcryptopress.com/2018/02/us-gov-gives-cryptocurrency-green-light.htmlIt is better to give it green light because I am sure they understand they can't stop it. So why not try to regulate some part of it if they can? They are concerned with safety of investors and their money as this is whole new area for many people.
Maybe you are right enough in this case but you know why on immediate effect they have released this enormous amount for bitcoins? That is only because they know better the perks of being attached with bitcoins in coming future. They understand the importance of bitcoins in economical war in coming couple of years so they started investing in them. Still, we are happy.
