Former chairman Jim Newsome of the US financial regulator the Commodity Futures Trading Commission (CFTC) predicted that the alleged cryptocurrency “bubble” will not burst soon, Forbes reported on March 8.
According to Newsome, the lack of a concrete regulatory framework means that institutional investors are still not participating in cryptocurrency markets. Without clear regulations and the resulting injection of “big money”, a burst of the “crypto bubble” remains unlikely, Newsome told Forbes.
Full article: https://cointelegraph.com/news/cftc-ex-chair-crypto-bubble-wont-burst-without-set-regulations-to-bring-in-big-money
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