Many people in the crypto trading community fear the SEC's activity, but as a trader I welcome the SEC. This will result in a bigger market, and higher long term gains for BTC in the long run. In the meanwhile we will have to live with uncertainty and confusion - thats a reasonable tradeoff in my eyes for long term safety and security.
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I'm not too worried about it. Crypto is here to stay. It may get cleaned up, or there may be attempts at a cleanup but for any real traction, it will take an international task force and with patchwork laws, that's a difficult thing to create.