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RE: Ethereum Bouncing After SEC Meeting Turns Out to Be FUD

in #cryptocurrency7 years ago

Despite the recent FUD, there will come a day we do get some news related to this but we need to have in mind that the regulators work for the government so they are never efficient when it comes to decision making. The regulation of cryptocurrencies in general is not something that will happen overnight as there are many considerations to review. There are also different agencies that will want to be involved in the process which is also not clear what it is given that most financial market laws differ among states and there are few federal laws that could immediately apply to the space. States will surely want to have a piece of the say as seen by states like Wyoming and Arizona whom have had their own views and laws passed. Also, I imagine that there are others in the government that are interested in ensuring the industry stays in the US given the potential for growth and innovation the technology has for the economy.

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Yep, just a matter of time before there is regulatory standard at the state and federal levels.