The cryptocurrency community ought to be celebrating their victory at this month's congressional hearing. The SEC and CFTC chairmen testified before the Senate Banking Committee, mapping out the future of cryptocurrencies. To the surprise of many, the hearing was surprisingly optimistic and lacked the ominous undertones many anti-regulators had worried about prior to it.
Seemingly the primary focus of both the SEC and CFTC is, in this case, to protect Main Street investors from risks, such as fraudulent ICOs, while still encouraging robust growth in the new and innovative crypto space. The key takeaway is that cyrpotocurrencies, ICOs, and blockchain technologies are here to stay and likely will continue to see robust growth under the SEC and CFTC. The cryptocurrency community can breathe a little easier — while federal regulations may be forthcoming, they will not cripple the cryptocurrency industry. In short: the future of cryptocurrencies is still bright and teeming with possibility.
https://medium.com/cybermiles/cryptocurrency-congressional-hearing-calls-for-celebration-6a4f8f547242
