Breaking

Tuesday, February 6, 2018

US Gov gives cryptocurrency the green light - markets respond with an $83 billion one day boost!


It's been a truly great day in the cryptocurrency world!

The US Government today met on the topic, with the heads of the SEC coming face to face with Congress. (Link)  We were worried they'd ask for new laws and regulations - but they asked for none.

Beyond that, SEC and members of Congress made some surprising points - they understand the technology's potential, don't want to slow it down, and that at least for now - only crypto scammers need to fear the government.

How did the markets respond? With an $83 billion dollar boost! From a low of $278 billion cap - now leaping up to $363 billion.

Out of hot waters? At least for now, it appears so.

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Author: Mark Pippen
London News Desk