I can only agree with what you are saying.
What do you think caused us coming back down? I feel like this news was what caused it. We all know that regulation will always bring crypto prices down, but then we will be good to go on long term.
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I actually thought this news was positive. He doesn't want ICOs to be tagged as securities, but have a stand alone regulation. We will never see mass adoption without regulation, sadly thats just the way it is.