The latest hearing of US-SEC could just be leaning toward cryptocurrency market.
– A hearing was held last April 28, it was tagged as the “fight for token rights”.
– It was a congressional hearing, which aimed to obtain better systems in token sales.
– The hearing was led by Tom Emmer, Minnesota State Representative, and William Hinman, SEC division head.
One of the most important job of the Securities and Exchange Commission is to ensure the safety of investors, especially with new exchange systems spurring everywhere. A constant argument that the United States SEC constantly raises against cryptocurrency is the regulation of the digital trading platform.
The hearing last month looked promising and seemed to be in favor of the Bitcoin market. One of the main goal of SEC was to label the virtual currency as “securities”, which in effect would tighten the regulations for the trading of the asset. This will eventually lead to a great plunge in its value.
Emmer was in support of cryptocurrency and did not hold back his strong opinions for the trading platform.
Read Nick Marinoff’s full article here – https://www.nasdaq.com.