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/biz/ - Business & Finance

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4982038 No.4982038 [Reply] [Original]

https://www.sec.gov/news/public-statement/statement-clayton-2017-12-11

So the SEC seems to have released their most mature, understanding statement of cryptocurrencies to date today.

Why is this not on /biz/?
They're not banning anything. They actually describe it as transformative, disruptive, and efficient. This statement actually seems to support it but warns investors to be careful.

Thoughts?

>> No.4982107
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4982107

Make the Goys Rich Again

>> No.4982133

>>4982107
It starts off putting crypto down but if you read the conclusion, I kind of surprised by their maturity. It's almost as though they're giving it a lot of legitimacy and trying not to step on any toes when talking about it.

>> No.4982143

Well of course they support it. The primary crypto, Bitcoin, has been hijacked already and LN channels will be run by bankers.

>> No.4982149

>>4982038
Need the SEC to greenlight the trade of tokens that they consider securities so we can see more additions to exchanges. Legit projects like Rialto can't get listed by US exchanges because of the uncertainty around their status.

>> No.4982170

the sec are good people

>> No.4982171

>>4982038
They know that if they pull out our regulate too hard all the money, ventures, and future technology will immediately go to China instead.

>> No.4982237

>>4982149
Good point. We do need this, I agree.

>> No.4982238

>>4982038
It also literally says the following.

>This statement is my own and does not reflect the views of any other Commissioner or the Commission. This statement is not, and should not be taken as, a definitive discussion of applicable law, all the relevant risks with respect to these products, or a statement of my position on any particular product. Additionally, this statement is not a comment on any particular submission, in the form of a proposed rule change or otherwise, pending before the Commission.


Sorry to burst your bubble

>> No.4982247

You do realize that most people that invest in crypto end up losing all their shit gambling on alts right? The SEC realizes that it's better not to regulate it and let people get eaten alive by the wolves then to regulate it because then people would move away from fiat. Better this way because people get scared back into the system.So it's a win for the people that know how things work, but the normies are gonna get fucked.

>> No.4982270

>>4982238
>Sorry to burst your bubble
Careful, anon. You may as well be saying "bomb" in an airport round these parts.

>> No.4982285

>>4982247
The "normies" are the ones running the market right now though. They are successfully trading and making money in crypto now, not just losing it. Hence the sudden change in trading patterns for every major coin this past week.

>> No.4982392

>>4982247
You're stupid. They don't want the citizens of the US losing their money to foreigners.

>> No.4982596
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4982596

>>4982143
fuck off faggot!

>muh builderberg!

learn how payment channels work before yapping out of your pie hole

>> No.4982645

>>4982596
Wow, compelling argument. Consider me swayed.

>> No.4982674
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4982674

>>4982247
/biz/ always comes up with the silliest conspiracy theories.