CFTC and SEC Met To Discuss Cryptocurrency

Yesterday the CFTC and the SEC met in order to discuss the future of cryptocurrency. The meeting was held in a way that was positive for the future of cryptocurrencies. Here are some major points that were made during the hearing held by CFTC Chairman J. Christopher Giancarlo and SEC Chairman Jay Clayton.

The CFTC and the SEC are looking forward to the development of cryptocurrency and the underlying tech, the blockchain. They are optimistic about the opportunity to support projects for the benefit of society New investing opportunity for the people who want to support a new industry.

The regulators promised to work up ways that will enable them to monitor the field for scam ICOs. The sentiment was predominantly positive and the effect on the whole cryptocurrency market was very good. The market cap went up in value with more than 80B, while most of the coins are showing a double digit percentage growth for the past 24h.

Highlight of the hearing: CFTC Chairman Giancarlo went on to explain what HODL is.